Friday Brief Intro (18/08/2023) Week 33

Good morning and welcome to this week’s Friday Brief.

We start this week with a reminder about two upcoming MTA events. Our Golf Day is taking place on Wednesday 13th September and we only have a limited number of spaces remaining so be quick to register to attend below! We’re also delighted the Close Brothers Asset Finance will once again be sponsoring the MTA Annual Dinner in 2024 which runs alongside MACH. An early bird rate is currently available so make sure you book your spaces to join us!

The Government has launched The UK Business Climate Hub, a new website for businesses looking for support on how to reduce carbon emissions. This collaboration between government, businesses and industry groups will enable SMEs to take action and you can find a raft of resources in the story below.

The MTA continues to offer a free advice line to Members provided by Croner. This covers HR, health & safety and tax questions so make sure you’re getting the best use of your membership and access this service- full details are below.

This week has seen a number of data releases which are relevant to our sector, so we have split these across three articles covering the UK, Europe and an International section. For the UK, we complete the round up of the data released last Friday with the trade figures for the 2nd quarter, as well as covering the latest productivity and profitability data which has been published this week.

At the European level, we report on the figures for industrial production and the latest estimate of GDP for the 2nd quarter of the year. The International article has the numbers for the US machine tool and cutting tool market for the first half of the year as well as a note on orders for Japanese manufacturers of metal cutting machine tools. We hope that there is something of interest there for you.

Finally, the July edition of the MTA Business Survey will be closing early next week but the online form at www.mta.org.uk/mta-business-survey-jul23 is still open for your input. With thanks to those who have already replied, please take a couple of minutes to let us have your feedback as we build a summary picture of the manufacturing technology business.

That’s all for this week. Have a good weekend and we will be back next Friday.

ECONOMIC NEWS – INTERNATIONAL

USMTO and CTMR, June 2023: The US Manufacturing Technology Orders (USMTO) programme tracks orders in the US market, based on the reports from participants. Machine tool orders in the 1st half of 2023 were -12.7% below the level in the same months of last year (January to June 2022). The 12-month rolling total – effectively […]

ECONOMIC NEWS – EUROPE

European Industrial Production, June 2023: Following the UK manufacturing output data which we reported last week, Eurostat has published the European figures, although they use industrial production and don’t provide directly comparable data for the manufacturing sector. Another complication is that their data is monthly with no easy way of determining the quarterly figures from […]

ECONOMIC NEWS – UK

UK Trade, 2nd Quarter 2023: The final element of the quarterly GDP figures from the ONS that we reported on last week is trade; because of significant distortions from trade in non-monetary gold, we will use the data and trends for the trade in goods excluding precious metals in this note. The 2nd quarter of […]

The UK Business Climate Hub- to assist SMEs to reduce carbon emissions

The Government has launched The UK Business Climate Hub a new website for businesses looking for support on how to reduce carbon emissions. This collaboration between government, businesses and industry groups will enable SMEs to take action. Research published revealed that SMEs generate 44% of the UK’s non-household greenhouse gas (GHG) emissions but 90% felt restrained […]

Free MTA Member Helpline – Croner

Don’t forget that members of the MTA and EIA can access FREE advice on HR, employment law and health & safety from our exclusively partnership with Croner. The Helpline gives you instant access to telephone advice from a team of experts,with the only cost to your business being the price of a low cost phone […]

MTA Annual Golf Day 2024

September is right around the corner! If you are interested in booking a space at our Golf Day, make sure to be quick as registration is almost full. The Golf Day will be on Wednesday 13th September 2023 and will be at Northamptonshire County Golf Club this year and there are only a few spaces […]

MTA Annual Dinner – Headline Sponsor Announced!

We are delighted to announce that Close Brothers Asset Finance will once again be sponsoring next year’s Annual Dinner. Following the success of the Annual Dinner in 2022 during the week of MACH, we will once again be holding the event at the VOX on Thursday 18th April during MACH 2024. You can book an […]

Friday Brief