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.
UK National Accounts & Investment, 3rd Quarter 2020: Just before Christmas, the Office for National Statistics (ONS) published the national accounts for the 3rd quarter of 2020; this saw the quarterly growth rate for GDP revised up slightly to +16.0% (previously +15.5%). Of course, this record high rate of growth is mainly a bounce from the record decrease of -18.8% in the 2nd period of the year.
The Global analysis of the Purchasing Managers’ Index (PMI) for manufacturing produced by J P Morgan using the data from IHS Markit reflected the general improvement in most countries and regions in December and the global reading of 53.8 is one of the highest over the past decade. This article only refers to the PMI for the manufacturing sector.
Flash PMI for Manufacturing, December 2020: The flash PMI reports are based on data received up to 14th December, giving an early indication of the results ahead of the final data being released at the start of 2021. The composite PMI for the whole UK economy showed a return to positive territory after the dip in November; this reflects an improvement in activity in the manufacturing sector coupled with a less negative reading for the service sector.
UK Manufacturing Output, October 2020: The Office for National Statistics (ONS) published its monthly raft of output data on Thursday morning and while it is the GDP data that attracts the headlines, it is the detailed figures on manufacturing output that are of more interest to MTA members. The latest release shows that manufacturing output grew by +10.0% comparing the latest 3 months (August, September and October) with the previous 3 months (May, June and July), althoug
Our colleague Jack Semple, Secretary of EAMA has provided some notes on the recent announcement of a general export finance facility aimed at SME’s.
European Commission Economic Sentiment Indicator and Capacity Utilisation, November 2020: The European Commission (EC) draws from a range of surveys to construct confidence indicators for six sectors of the economy and then uses five of these (financial services is not included in the ESI) to compile its Economic Sentiment Indicator (ESI). Because of the data collection periods, the month is that in which the data is published, although it really refers to the previous month - in this case...
The Global analysis of the Purchasing Managers’ Index (PMI) for manufacturing produced by J P Morgan using the data from IHS Markit showed one of the fastest expansions in activity in almost a decade in November with the global PMI at 53.7, although it was briefly above this point at the start of 2018.
CBI Industrial Trends Survey, November 2020: The latest results from the CBI Industrial Trends Survey (ITS) suggests a dip in activity in “November” (but note that data collection was from 26 October to 12 November so the trends probably don’t have much indication from November). Both total and export order books deteriorated a little from the October level and they remain well below the long-run average level.
European Industrial Production, September 2020: Data published by Eurostat shows that industrial production in the Euro-zone fell by -0.4% compared to the previous month (August 2020) but was unchanged across the EU as a whole. Compared to a year earlier in September 2019, total industrial production fell by -6.8% in the Euro-zone and by -5.8% for the EU.
UK GDP, 3rd Quarter 2020: The headline GDP data from the ONS shows the largest ever quarterly growth rate at +15.5% in the 3rd quarter but this follows the largest ever reduction of -19.8% in the 2nd quarter. From this it is clear that despite the record growth rate, the UK economy has not recovered the losses it saw in the previous quarter and that is before we take into account the decline of -2.5% registered in Q1. These trends leave the