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European Industrial Production, February 2022:  Figures released by Eurostat this week showed total industrial production in the Euro-zone was +0.7% higher than in January while the EU as a whole showed a rise of +0.6%.  This means that growth over the past 12 months (since February 2021) was +2.0% in the Euro-zone and +3.0% for the EU.

UK Manufacturing Output , February 2022:  The latest headline data for manufacturing output from the Office for National Statistics (ONS) shows a fall of -0.4% compared to January, driven mainly by a reduction of -9.4% in the automotive industry and -5.0% in the output of chemicals.  Manufacturing output in February was 99.3% of its pre-pandemic level (two years ago in February 2020).

The National Sales Conference is Europe's leading Personal & Professional Development event for leadership, sales, revenue & customer success professionals, providing the opportunity to be empowered and inspired by presentations from some of the world’s leading internationally renowned speakers & experts.

Date: 10th November 2022

Venue: National Conference Centre, Birmingham

Our Spring Economic update presentation this year will take place on Wednesday 11th May and will be held at the offices of Forrest Brown (an MTA Associate member) in Bristol.

Following the MTA signing the MoD’s Corporate covenant in 2016, a number of members also followed suit below is further information on the covenant and what you can do as a business to support.

What is the Armed Forces Covenant?

To those who proudly protect our nation, who do so with honour, courage, and commitment, the Armed Forces Covenant is the nation’s commitment to you.

As you know, the UK government has started or will shortly start negotiations on a new set of free trade agreement (FTA) with a number trade partners including, but not limited to, Canada, GCC and Mexico.

Energy Security Strategy published

The government has published its Energy Security Strategy setting out how Great Britain will increase the use of diverse sources of homegrown energy for greater energy security in the long-term.

The optimism appears to be growing in the manufacturing and engineering sectors and this was certainly holding strong on the final day of MACH last week, as bumper levels of business transactions were reported during the show.

UK National Accounts (GDP and Investment), 4th Quarter 2021:  With the publication of the quarterly National Accounts by the Office for National Statistics (ONS), the estimate for economic growth in the UK economy has been revised up to +1.3% compared to the previous quarter.  This uprating is largely due to a range of revisions across the service sector.  In output terms, the largest contributions to GDP growth in Q4-21 came from the human health & social work activities with a rise in...

Publishing schedules mean that we don’t have all of the data, including the global summary, for the March Purchasing Managers’ Index (PMI) for manufacturing which are being released throughout today - the countries in the Americas will be available this afternoon and India’s figures are released on Monday.  It is worth noting that this is the first set of survey results since Russia’s invasion of Ukraine.