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Industry Focus

Advanced Manufacturing is a dynamic, globalised, sector which is constantly evolving. Much of that evolution is as a consequence of technological change which is happening at a faster rate than ever before. Manufacturing Technology that change right across sectors and in companies of all sizes. The MTA exists to help its members transform the manufacturing world.

The UK is in the relegation zone for innovation at the moment, but it is in a fantastic position to re-industrialise.  That was the message from MTA chief executive James Selka at a conference on supporting high-value manufacturing, targeted at policy-makers and held in London this week.

He described the MTA as the ‘productivity champions’, as its members supply the technology that firms need to ‘move the dial on manufacturing productivity’.

The decisive victory for the Conservative Party in England and Wales, and in the overall result, should lead to clear and decisive policy-making on issues vital to the machinery and component supply chain.

Pryor is delighted to have received two accolades at the 2019 Sheffield Business Awards, for Innovation and Business Person of the Year, awarded to Sales Director, Alastair Morris.

In a time of industrial and trade uncertainty, the MT sector continues to perform well, as production stands at more than 28 billion in 2018. In the meantime, CECIMO has following closely the review process of the Machinery Directive, the most important legislation for the machinery sector.

Economic outlook and trends: an uncertain future after a period of strong growth.

Engineering firms are to be asked about their skills training, in a ground-up research project supported by the MTA.  The focus will be on small and medium-sized companies that are taking positive steps to train, outside the formal, government-funded apprenticeship system.

UK Production Data, 2018 revised:  The Office for National Statistics collects what we refer to as “production” data under the system known as ProdCom.  The figures are actually for the sales of UK made goods, so it is production net of stock changes held by the manufacturer, but we keep the short-hand title for ease of reference.

PMI, UK, Euro-zone and global, November 2019:  October had seen a small improvement in the Purchasing Managers Index (PMI) for the UK manufacturing sector, largely as a result of stock-building ahead of the Brexit deadline at the end of that month.  With that having passed, the under-lying conditions were unchanged and the subsequent de-stocking meant that the PMI reading fell back to 48.9 - this is now the seventh consecutive month of negative (below 50) figures.  Orders, ou

European Commission Economic Sentiment Indicator & Investment Survey, November 2019:  The European Commission’s (EC) Economic Sentiment Index (ESI), which is constructed from a combination of 5 sector confidence indicators, increased a little in the Euro-zone and more strongly in the EU28 in November.  In the Euro-zone, this was mainly driven by improvements in confidence among consumers and the retail trade sector which outweighed a sharp fall for construction, while ind

The Conservative Party has pledged in its election manifesto that there will be no extension of the Brexit transition period beyond 2020, prompting renewed fears over the terms under which the UK will leave the EU.  A 1-to-2 year extension is possible under the new Withdrawal Agreement but would have to be agreed by July 1st 2020.  The concerns over the Tory pledge are captured in an article here:

Corporate tax credits have become one of the significant battlegrounds in the general election, albeit less widely reported. The Conservatives pledge a slight increase in the RDEC (Research and Development Expenditure Credit) to 13% and to review of definition of R&D so that it encompasses data/cloud expenditure that is invested in innovation.

Labour, by contrast, pledge a review of corporate tax reliefs and specifically the scrapping of RDEC and the Patent box relief.

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