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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 National Apprenticeship Service has now launched the National Apprenticeship Week 2018 events map and have formally announced the theme for the Week, whilst making other resources available for employers and partners.

The ‘Apprenticeships Work’ themed National Apprenticeship Week 2018 takes place from 5 to 9 March and is designed to showcase how apprenticeships work for individuals, businesses, communities and the wider economy.

Since attending MACH 2002 some 15 years ago, Close Brothers Asset Finance and MTA have forged a close and mutually beneficial relationship.  As one of the UK’s leading funders to the UK manufacturing sector, we see it as our responsibility to do everything we can to not only help support the sector, but also to help grow it.

The MTA Business Survey for December, which is one of our slightly longer quarterly surveys has been launched.  This helps us to put information specifically about the manufacturing technology sector alongside the general trends for manufacturing and our customer industries, so we would encourage all members to participate in the survey.  You can access the on-line form at www.mta.org.uk/mta-business-survey-dec17 - we look forward

PMI, UK and Euro-zone, December 2017:  The Purchasing Managers Index (PMI) for the UK manufacturing sector fell slightly compared to November, but at 56.3 this is nothing to worry about (unlike one or two headline writers who simply demonstrated their ignorance!) as it still represents a strong rate of expansion for the sector.  Output, new orders and employment all increased at a good pace and input cost inflation eased.  Output growth accelerated in the investment goods sec

CBI Industrial Trends Survey, December 2017:  The latest results from the CBI survey support the view that manufacturing in the UK is ending 2017 in good health, with output growing at a robust pace and order books at their best level since August 1988.

A partnership between the University of Sheffield’s Advanced Manufacturing Research Centre and one of the most dynamic manufacturing regions in South Korea was praised by the UK government this week for its role in opening-up new markets for British know-how and industry.

European Industrial Production, October 2017:  The latest data from Eurostat shows that following the small dip in September, total industrial production in the Euro-zone had a month-on-month growth rate of +0.2%, with the level +3.7% above that of a year earlier (October 2016).  For the EU28 the rates were +0.3% and +4.2% respectively.

The Autumn Budget marked an important milestone in the Bank’s development. The Chancellor announced a package of measures that increased the funds available to the BBB by two-thirds, to £6.2bn. This marks an increase in both the scope and the extent of the Banks activities. It comes on the back of the Patient Capital Review which examined why the UK has traditionally underperformed in this area.

There were three main points:

Economic News this Week

The EURIS Taskforce is calling on the Government to establish a post Brexit Industry and Government liaison body with the remit of confirming and recommending for adoption aspects of future European legislation that specifically impact on the industrial product supply sector.

EURIS suggests this mechanism is delivered through a permanent industry or Government organisation or that it is part of Sector Deals.

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