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, 2nd Quarter 2020: With the release of the quarterly national accounts the Office for National Statistics (ONS) has started the process of re-basing UK economic statistics to 2018. This complicates comparisons with previous estimates as there may be some impact from the new base year but the headline shows that the UK economy is now estimated to have contracted by -19.8% compared to the 1st quarter of the year – this is slightly be
There was something of a mixed bag in the Purchasing Managers’ Index (PMI) data for manufacturing that was published this week, but the overall trend was positive and the global composite produced by J P Morgan using the data from IHS Markit edged up to 52.3, its highest level in 25 months. This article refers only to PMI’s for manufacturing.
The MTA Forecast Seminar is moving on-line this year. Given the current circumstances, it is even more important that you get an up to date view of the economic prospects for the global economy and the industrial sectors to which your customers belong.
CBI Industrial Trends Survey, September 2020: The latest results form the CBI Trends Survey show that manufacturing activity remains weak in “September” [note – the data collection ran from 26th August to 14th September so the results mostly refer to August, with the latest 3 months being the June to August period]. Output volumes over the past three months continued to fall and, although this was at the slowest pace since before the Covid-19 outbreak
Bank of England Agents' Summary of Business Conditions - 2020 Q3: The headline from the Bank of England Monetary Policy Committee meeting this week was their warning that the rising rate of coronavirus infections and a lack of clarity over the UK's future trade relationship with the EU could threaten the economic recovery. While they noted that much of output lost during lockdown had been recovered, the outlook remained "unusually uncertain". Citing this uncertainty, the B
UK Manufacturing Output, June 2020: The Office for National Statistics (ONS) released the manufacturing output data for July this morning which showed an increase of +6.3% compared to June, with all of the sub-sectors also having positive trends.
Our colleagues at Oxford Economics (OE) had an update this week on the economic and industrial outlook for the Euro-zone (with some passing references to the UK also included); the slides from this are available to download below and these notes will, hopefully, guide Friday Brief readers through those charts and tables.
European Commission Economic Sentiment Indicator, August 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 to make up its Economic Sentiment Indicator (ESI). August saw this continue to recover from the low point in April but it is only back at the level we saw in the Euro-crisis in 2012 and there is still a long way to go before the recovery is anywhere near completed. In both the...
The manufacturing sector PMI data released earlier this week generally shows a continued recovery from the low point in April although there are differences in both timing and magnitude that we will explore in this article - all references are for the manufacturing sector.
CBI Industrial Trends Survey, August 2020: The latest results from the CBI Industrial Trends Survey suggest a sector that remains weak, although this is partly because while this is a monthly survey, the output question refers to a rolling 3-month trend. The data collection period was 27 July to 17 August so, despite the date, most responses will cover May to July.