Friday Brief 01/09/2023 (W35)

Good afternoon and welcome to the first Friday Brief of the month! Can you believe it’s September already? Now that the Summer is almost over, the buzz in the industry is back!

To begin the newsletter this week we would like to introduce you to our newest MTA Associate Member. Moneypenny joined the MTA this week so make sure you go and check out the story below to find out what they do.

The MTA are hosting a webinar with Auditel on the 20^th September. Join us to find out the information YOU need to make an informed decision about YOUR Net Zero Journey. Why should your business be considering a carbon programme? Everybody (well, most everybody), wants to do the ‘right thing’ but, particularly in today’s challenging economic conditions, it must make business sense. Auditel look at the most common business drivers in this webinar along with terms of language, reasons why and different options. Go to the story below to find out more and book your space.

Manufacturing Indonesia 2023 is the 32^nd International Manufacturing Machinery, Equipment, Materials and Services Exhibition – it will be held on 6-9^th December at Jakarta International Expo. Manufacturing Indonesia is not just another trade exhibition; it is the country’s premier platform for the Manufacturing industry. This year, we are proud to announce a collaboration, uniting forces with Machine Tool Indonesia, Tools and Hardware Indonesia, and Industrial Automation and Logistics Indonesia. Check more information below.

The MTA will be exhibiting in Hall 8 stand no 51 at EMO, the world’s leading fair for production technology, which will take place from 18 – 23 September 2023 in Hannover, representing MTA Cluster members (MTA,EIA and AMUK) and the UK contingent at the show. To see what other UK companies will be exhibiting, please find the links in the story.

BSI have released 3 new standards this week awaiting your comments. The proposals read: Systems and software engineering — Software product quality Requirements and Evaluation (SQuaRE) — Common Industry Format (CIF) for Usability: Specification of human-system interaction design. The second is: Information security — Fully homomorphic encryption — Part 4: CGGI variants and the third is: Information security — Fully homomorphic encryption — Part 2: BGV/BFV variants. Read the full scopes and purposes below.

MTA Associate Member, ForrestBrown have put together a helpful factsheet on the super deduction and what it means to Members. 31st March 2023 saw the end of the much-lauded super deduction – an incentive brought in as an attempt to soften the impact of the rise in Corporation Tax to 25%. With the UK economy presenting challenging conditions for businesses there was much industry pressure for the government to extend the scheme. Find the factsheet in the story.

It has been another relatively quiet week for economic news but we do have the data from the Purchasing Managers’ Index (PMI) for manufacturing out today. Because of the publishing schedules for the Friday Brief, we don’t have the figures for the Americas or the overall global summary until later today but the general trend was one of small improvements compared to July while remaining firmly in negative territory. The UK was a notable exception to the trend as our reading fell again and, with the exception of the main Covid months (April/May 2020), is at its lowest since the global financial crisis. Take a look at this article for more details.

The other economic news this week was the European Commission’s Economic Sentiment Index which also reflected the general weakness in activity, although the measure of industry confidence was broadly unchanged compared to the previous month while the other sectors of the economy registered a decline.

Finally, the September edition of the MTA Business Survey will be launched today – the email is sent to all full MTA members, so please look out for that later. We hope that you can spare a couple of minutes to participate in this survey which is designed to give a quick overview of the latest situation for the manufacturing technology spectrum in the UK against which you can compare your own situation.

That brings us to the end of this week’s Friday Brief! We hope you enjoy reading the stories and have a great weekend!

ECONOMIC NEWS

European Commission Economic Sentiment Indicator, August 2023: The European Commission (EC) draws from a range of surveys to construct confidence indicators for five sectors of the economy and then uses these to calculate up its Economic Sentiment Indicator (ESI) which is converted to an index based on the long-run average. The latest reading (dated August*) […]

PURCHASING MANAGERS INDEX FOR MANUFACTURING

As today is the first of the month, most of the Purchasing Managers’ Index (PMI) data for manufacturing is being released today; however, our publishing schedule means that we don’t yet have the data from the Americas and the figures for the ASEAN region won’t be released until Monday owing to a public holiday in […]

Super Deduction

BSI Standards

Please be advised that a New Work Item Proposal has been loaded to the BSI Standards Development Portal for comment. Proposal: Systems and software engineering — Software product quality Requirements and Evaluation (SQuaRE) — Common Industry Format (CIF) for Usability: Specification of human-system interaction design. Please visit ISO/PWI 25067 Comment period end date: 20/10/2023 […]

Promoting UK Companies at EMO

The MTA will be exhibiting in Hall 8 stand no 51 at EMO, the world’s leading fair for production technology, which will take place from 18 – 23 September 2023 in Hannover, representing MTA Cluster members (MTA,EIA and AMUK) and the UK contingent at the show. The full exhibitor lists can be found on: https://visitors.emo-hannover.de/en/search/?category=ep […]

MFI23 Article

Manufacturing Indonesia 2023 is the 32nd International Manufacturing Machinery, Equipment, Materials and Services Exhibition – it will be held on 6-9th December at Jakarta International Expo. Manufacturing Indonesia is not just another trade exhibition; it is the country’s premier platform for the Manufacturing industry. With nearly a thousand expected exhibiting companies from 33+ countries and […]

Understanding Your Net Zero Journey – Webinar

Join us to find out the information YOU need to make an informed decision about YOUR Net Zero Journey. Taking place on Teams on Wednesday 20th September at 10am. We’ll be covering the key areas: About Auditel: Auditel are a leading carbon consultancy, providing carbon audit, accounting and reduction planning to a wide range of […]

Welcome New MTA Member!

This week the MTA welcomed a new Associate Member to our Membership! Moneypenny are UK’s #1 provider of outsourced telephone & web-based communications to businesses of all shapes & sizes. Here’s a link to their website: https://www.moneypenny.com/uk/