Friday Brief Intro 05/05/2023

Good afternoon and welcome to this week’s Friday Brief! With the coronation tomorrow we hope you all enjoy the celebrations over the long weekend!

To kick things off today we’d like to share with you a bit about the CIMT International Machine Trade Show which took place last month. The MTA UK Pavilion at the 18th bi-annual CIMT International Machine Trade Show exhibition held in Beijing last month featured Filtermist Ltd and Renishaw. There were 1,582 exhibitors from 28 countries and regions participating in the show, 14 countries and regions organizing official pavilions. The total number of visitors was 154,957 an increase of 28.61% in 2021 and 11.42% compared to CIMT2019. Check out more details in the story below.

If you would like to create a tender application that will help you stand out from the crowd, our Associate Member Citation, have created this free guide to make sure that your business has everything in place. Download the free guide below.

Encouraging prospects for the 21st EPHJ Show. The numbers are up compared to 2022: Switzerland’s biggest international trade show will this year bring together more than 710 exhibitors in Geneva from 6 to 9 June to showcase the high-precision industry’s know-how and industrial expertise. Find out more details in the story.

EAMA have released a short policy paper on Manufacturing. The paper argues that it is vital to UK prosperity, freedom and sovereignty; its significance is insufficiently recognised within UK government and broader society, resulting in complacency, in sharp contrast to its status in comparable economies and that policy actions are needed, urgently, to strengthen UK manufacturing. Read more below and follow the link the read the full article.

The main economic headlines this week come from the Purchasing Managers’ Index (PMI) for April where there was a mix of trends with the overall global average unchanged from the March reading of 49.6. There was a little good news in that although output overall fell, there as a small improvement for the investment goods industries. The UK reading remains in negative territory although, unlike most of the rest of Europe, there was broadly no change compared to March; in the Americas, the trend was generally higher than in March while there was a mix set of results in Asia.

The only other economic news this week is the first look at GDP data for the 1st quarter of the year in the EU where it looks like a recession may have been avoided, at least for now. Following a marginally negative result in the final quarter of 2022, the first estimate is that the EU saw growth of +0.3% at the start of this year.

Finally, the April edition of the MTA Business Survey is underway and you can access the questionnaire at www.mta.org.uk/mta-business-survey-apr23 – we hope that members can spare a couple of minutes to participate – we would love to hear from you.

That brings us to the end of this week’s Friday Brief! Have a wonderful bank holiday weekend and we’ll ‘see’ you again next week!

CIMT International Machine Trade Show

The MTA UK Pavilion at the 18th bi-annual CIMT International Machine Trade Show exhibition held in Beijing last month featured Filtermist Ltd and Renishaw. There were 1,582 exhibitors from 28 countries and regions participating in the show, 14 countries and regions organizing official pavilions. The total number of visitors was 154,957 an increase of 28.61% […]

FREE GUIDE | Help your members increase their win rate

A great tender is key to winning more business. But how do you create one that’s guaranteed to stand out from the crowd? Whether you’re completely new to tendering or you want to improve your success rate, our Associate Member Citation have got you covered. If you would like to create a tender application that […]

EPHJ Geneva High Precision Show

Encouraging prospects for the 21st EPHJ Show The numbers are up compared to 2022: Switzerland’s biggest international trade show will this year bring together more than 710 exhibitors in Geneva from 6 to 9 June to showcase the high-precision industry’s know-how and industrial expertise. Geneva, 27 April 2023 – It’s that time of year again: professionals […]

PURCHASING MANAGERS INDEX FOR MANUFACTURING

The Global Purchasing Managers’ Index (PMI) for manufacturing produced by J P Morgan using the data from S&P Global was unchanged from the March reading of 49.6 with divergent factors behind this. Output edged up again and although this was led by the consumer goods sector, there was also a positive trend for investment goods […]

ECONOMIC NEWS

European GDP, 1st Quarter 2023: The preliminary flash estimate of GDP from Eurostat for the 1st quarter of 2023 shows an increase of +0.3% for the EU and +0.1% for the Euro-zone. In both cases this is an improvement from the previous quarter which had a decline of -0.1% in the EU and no change […]

Friday Brief