An international mission will be held alongside MACH 2010 from Monday 7 June 2010 to Wednesday 9 June 2010. To take part in this fantastic opportunity/events please contact Christel Moustacas on 020 7298 6416.
For further information regarding the mission please click here for a PDF of the brochure.
The feedback from the March 2010 survey is the most positive since the survey began in July 2009; a real indication that engineering based manufacturers are optimistic and that improved economic conditions are building towards a strong second half of 2010.
Last month, the MTA commissioned an independent survey to assess how many visitors are expected at MACH2010 and whether or not they plan on purchasing capital equipment. The survey was sent to a broad section of visitors to MACH2008 and the results are overwhelming – MACH2010 visitor numbers are expected around the same levels as last year, with a huge proportion planning to acquire new manufacturing equipment in the second half of 2010 and throughout 2011.
The MTA says ‘no – but we need to work hard’. There are a growing band of talented young people joining the industry, however more work needs to be done to ensure a bright future for the UK’s engineering based manufacturing industry
The surge in stand bookings comes as MTA surveys suggest a more positive picture for the industry with increases in order books reported by a number of companies. Alongside the MTA survey wider reports are the recession is 'officially' over and many commentators are expecting a UK recovery in the second quarter of 2010 - perfect timing for MACH2010.
The rise in confidence is paired with a strong increase in enquiries with over half of the respondents reporting growing interest in their products. The flash survey results certainly seem to be supported by the latest news coming from the MTA’s exhibition – MACH2010 (7-11 June NEC Birmingham) which has seen a steep rise in exhibitor stand bookings since the start of the New Year. So far in 2010 an additional 1200sqm of stand space has been taken up by sixty exhibitors.
The optimistic report is the second in as many months and a good sign that 2010 will see the economic recovery taking root in engineering based manufacturing. The MTA’s last survey, for November, reported growing industry confidence and increasing levels of enquiries, whilst the MTA’s Annual Forecast predicted that the recovery of the manufacturing technologies sector would match that of the wider economy.
The sector’s net order intake has risen, but is still lower than a year ago. Invoiced sales are also showing a month on month increase, all signs that engineering based manufacturing is on the way to economic recovery. As a result of the brighter economic picture business confidence is also rising, with more companies in the sector reporting an increase in enquiries and a positive outlook - confidence is at a 5 month high according to the current survey results. The sector will disappointed though, at the news that Capital Allowances of 40% are to be cancelled in March 2010.
There is solace too in the UK market figures and survey data, which present a more optimistic prospect. In the words of MTA President Bob Hunt “We are on the way back. The panic has subsided. Confidence is returning and the second half of ’09 was much better than the first.”