Bank of England Monetary Policy Report: Members will, of course, be aware that the Monetary Policy Committee (MPC) voted 7-2 to keep the UK Bank Rate unchanged at +0.1% while at the same time signaling that an upward movement was likely soon - either at their December meeting or, perhaps more likely, in February at the time of their next full report.
Member Resources
The Global Purchasing Managers’ Index (PMI) for manufacturing produced by J P Morgan using the data from IHS Markit edged up in October to 54.3 and is still, in theory at least, pointing to an expansion of activity in the sector globally.
Chancellor Rishi Sunak has delivered another historic budget and three-year spending review, setting out plans that raise the tax burden to the highest level for 70 years.
In their latest newsletter, Innovate UK has highlighted a wide range of both new and current funding opportunities. Some of those closest to the manufacturing technology sector include:
The overarching theme of Forum 2022 is climate change and inequality, and within this theme, one of the nine topics being investigated is ‘Green economy’, with the call for contributions (https://forumforglobalchallenges.com/call-for-contributions/) seeking contributions on: 1) the future economy in a decarbonised world; 2) the transition to and equitable delivery of a circular economy; and 3) the transition to a green
European Commission Economic Sentiment Indicator and Capacity Utilisation, October 2021: 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).
Free courses aimed at those in the advanced engineering sector are now available from the High Value Manufacturing Catapult (HVMC), with series of events covering aspects of:
If you have an interest in the future of machine building in the UK, including robotics, automation and associated technologies then please join our free online event 'Next Generation Machinery, AMPI - a new initiative'.
We are pleased to invite you to Accenture’s event program at COP26 in Glasgow from 1-12 November 2021.