The MTA offers a wide range of services to our members: Marketing, Grants for Training and Apprenticeships, Representation, Networking and Information. You can find out more about what we and our members have achieved together.
CBI Industrial Trends Survey, October 2021: The results from the CBI Industrial Trends Survey (ITS) paint a picture of a resilient manufacturing sector in which output volumes grew strongly despite a range of supply challenges and cost/price pressures. The survey identified an easing in total orders but this comes as a comparison with the multi-decade high levels registered last quarter - as a result, total orders growth remains at a high level.
Delegates to our annual Forecast Seminar this week heard discussions of the prospects for global economic growth, the varying prospects for the key industries and our latest forecasts for the UK machine tool and cutting tool markets, along with the Autumn edition of the global machine tool forecast. The event was kindly sponsored this year by our colleagues at Marsh Commercial.
Yesterday (Thursday 14th October) saw the MTA Golf Day take place at the Leicestershire Golf Club. Congratulations goes to reigning champions Group Rhodes who got first place in this year’s competition and to Star Micronics who came 2nd.
The MTA Forecast Seminar will take place on Thursday 21st October at The Willows Centre, Wyboston Lakes Resort, Bedfordshire; registration will be open from 0930 for a prompt start at 1000. We are pleased to say that this is being sponsored by
The Annual MTA Members' Golf Day will be on Thursday 14th October 2021 and will be returning to the Leicestershire Golf Club.
UK Quarterly National Accounts and Investment, 2nd Quarter 2021: This week saw the publication of the quarterly National Accounts for the 2nd quarter but more importantly, it is also the point in the year when the Office for National Statistics (ONS) rebases its economic data - in this case from 2018 prices to 2019 as the base year.
The MTA's Annual General Meeting will be held on 8th December 2021 at Church House in Westminster, London.
Following the AGM & lunch there will be a reception at The House of Commons hosted by Barry Sheerman, MP for Huddersfield.
Bank of England’s Agents’ Summary of Business Conditions, Q3-2021: At its meeting this week, the Monetary Policy Committee (MPC) of the Bank of England (BoE) voted unanimously to keep the Bank Rate at 0.1% and by 7-to-2 to maintain the current level of assets purchases. This comes despite their forecast that inflation will rise to more than +4% in the 4th quarter of 2021 (mainly because of the rise in gas prices and other goods prices) and could remain there into the first half of 2022.