Friday Brief Intro 16/12/2022

Good afternoon and welcome to the last Friday Brief of 2022! We can’t believe the new year is just around the corner! It’s time for celebrations so take some time to relax this festive break!

First up this week we have a note from Citation. The Health & Safety Executive (HSE) has just released its Annual health and safety statistics for the year. Amongst the statistics, it was reported 123 workers were killed in work-related accidents and 565,000 working people sustained an injury at work according to the Labour Force Survey. Citation has this handy checklist covering the key Health & Safety responsibilities for employers in the manufacturing sector. Please go to the story to download.

Ricardo is working with organisations in the sector to help reduce impacts arising from both organisations’ own operations and those associated with their supply chains. Whether you are yet to define your sustainability ambitions, have made an environmental commitment but aren’t sure of the most effective way to achieve it or are further along your journey and need support with implementation or independent review, get in touch to see how Ricardo’s experts can help. Check out the story below to find out more.

CECIMO would like to inform you that after a period of intense negotiations, the negotiators of the Council and the European Parliament have finally reached a provisional and conditional agreement on the Carbon Border Adjustment Mechanism (CBAM). ECIMO will continue monitoring all the latest policy developments regarding the CBAM. More details can be found in the story below.

A new year date for your dairy – our colleagues at the British Compressed Air Society (BCAS) and the British Turned Parts Manufacturers Association (BTMA) have organised a webinar aimed at helping companies reduce energy usage and saving money in the use of air compressors. This takes place on January 18th and there are more details in the article below.

Our colleagues at the Institute of Export & International Trade compiled an overview of the October trade data for the UK, but the article goes on to give a useful overview of the general economic situation – take a look at our summary below which includes a link to the full article.

BSI released a new standard that is awaiting comments. The proposal is regarding Additive Manufacturing — Design — Parts using ceramic materials. Please take a look at the scope and purpose in the story.

Jack Semple, Secretary of EAMA, has provided an update on the Retained EU Law Bill that is going through parliament. The exact impacts of this remain unclear and the are a number of anomalies on which EAMA and MTA will be lobbying as the parliamentary process is worked through.

This week has seen a bumper bundle of economics news – so much that we have split the article into two parts. The UK piece covers the October manufacturing output and GDP data and the report from the Bank of England’s Agents that supported the MPC meeting this week which increased interest rates. The economic data showed an improvement from September but remains unconvincing at best – manufacturing is somewhat of a “curates egg” with automotive and aerospace improving while machinery and metal products weaken.

Our international economic news covers the flash PMI’s that were published this morning (we don’t have the US data until later in the day), the European industrial output data for October and the latest news on the machine tool and cutting tool market trends in the USA.

Finally, we will be closing the MTA Business Survey for November early next week but there is still time to let us have your input. The questionnaire at www.mta.org.uk/mta-business-survey-nov22 is still available and we hope you can spare a couple of minutes before heading off for the weekend to let us have your input if you have not already done so.

That concludes the last Friday Brief of 2022! We hope you have a wonderful Christmas and a happy New Year! Let’s bring on 2023, we look forward to ‘seeing’ you there!

ECONOMIC NEWS – INTERNATIONAL

European Industrial Production, October 2022: In contrast to the UK, there was a sharp fall in industrial production (IP) in October, although this was also driven by a fall in energy production thanks, in part, to relatively mild weather. There was a fall in IP of -1.9% for the EU overall, with the Euro-zone seeing […]

ECONOMIC NEWS – UK

K Industrial Production, October 2022: The latest manufacturing output data published by the Office for National Statistics (ONS) showed growth of +0.7% compared to September. This was led by pharmaceuticals and transport equipment which was partly off-set by a reduction for basic metals & metal products. However, month-on-month, there was growth in only 6 of […]

Retained EU law – an update

Jack Semple, Secretary of EAMA, has provided an update on this Bill which is going through parliament. The Retained EU Law (Revocation and Reform) Bill is expected to go to the House of Lords in late January, where it will face further scrutiny and proposed amendments. It is evident that there remains considerable uncertainty surrounding […]

BSI Standard

Please be advised that a New Work Item Proposal has been loaded to the BSI Standards Development Portal for comment. Any comments received will be submitted to the national committee AMT/8 “Additive Manufacturing” for consideration when deciding the UK response to the associated Standards Development Organisation. Proposal: ISO/ASTM PWI 52957 Additive Manufacturing — Design — […]

Sluggish UK Trade as global recession takes hold

Earlier this week, our colleagues at the Institute of Export & International Trade produced a piece on the UK’s trade figures for October; while we don’t usually report on the monthly trade figures, they highlight a continuing declines in UK exports after taking the effects of inflation into account – this is not just concentrated […]

Webinar – Saving money on air compressors

You are invited to attend a webinar on saving energy and cost in the use of air compressors. The webinar is being held by the British Compressed Air Society (BCAS) and the British Turned Parts Manufacturers Association (BTMA), which represents turned parts sub-contractors and had a lively discussion on the cost of energy for compressors […]

CECIMO – Policy Update: Provisional agreement reached on Carbon Border Adjustment Mechanism (CBAM)

We would like to inform you that after a period of intense negotiations, the negotiators of the Council and the European Parliament have finally reached a provisional and conditional agreement on the Carbon Border Adjustment Mechanism (CBAM). The CBAM aims to level the playing field between EU and third-country producers by putting a carbon price on certain imported […]

HSE publish annual Health & Safety statistics

You may be aware the Health & Safety Executive (HSE) has just released its Annual health and safety statistics for the year. Amongst the statistics, it was reported 123 workers were killed in work-related accidents and 565,000 working people sustained an injury at work according to the Labour Force Survey. Now is the perfect time to remind […]

Ricardo can partner with your organisation to help you set and achieve your sustainability goals.

The manufacturing sector is vital for our economy and way of life. However, the sector is one of the largest emitters of CO2 with its energy intensive processes and use of resources. This means the sector can make a significant difference when it comes to environmental impacts by adopting more sustainable practices. An industry under […]

Friday Brief