Friday Brief (07/06/2024) W23

Good afternoon and welcome to this week’s Friday Brief! We have some great stories for the first newsletter of the month!

The MTA has a new Standards Update Booklet which provides information on BSI committees the MTA attends, the standards under revision in each committee and the development stage of each standard under revision. Find a link to the booklet in the story below.

The King’s Awards for Enterprise are for outstanding achievement by UK businesses in the categories of innovation, international trade, sustainable development, and promoting opportunity through social mobility. Entries are free and companies can apply now for the 2025 Awards until 1pm on 12 September 2024 in more than one category. Check out all the details below.

The Export Control Joint Unit (ECJU) has amended 4 open general licences (OGLs) to update the lists of controlled items following a change to the Export Control Amendment Regulation that came into force on 1 April 2024. The lists of Licenses are in the story, if you have licences in scope, ECJU will contact you to confirm the decision and advise about actions you will need to take.

Our Associate Member Citation is here with a guide to download. Citation’s free guide ‘Improving equality, diversity and inclusion in the workplace’ to grasp the secret to improving EDI in your workplace. Take a look at the details below.

The MTA have partnered with the vocL to offer its members a bursary for one person to participate in the vocL Leader Programme. Founded by Juergen Maier, vocL is a leading national professional development programme and network, exclusively for a new generation of value-driven, ambitious, business leaders. For more information, please go to the story.

The Purchasing Managers Index (PMI) for the manufacturing sector published at the start of this week mostly showed an improvement compared to the April readings. Both the global PMI and the one for the UK were at their highest since July 2022 and even those countries where the index suggests that activity in the sector is contracting mostly pointed to this being at a slower pace than for some time. Out of 30 countries/regions that we track, 17 were above the 50 threshold – this is the first occasion in a long while when more than half of the readings have been in this position.

Despite a gap last week, the only other Economic News this week is the European Commission’s Economic Sentiment Index (ESI); like the PMIs noted above, this is also showing tentative signs of an improving situation, although mostly among the smaller EU nations with only Italy and Spain among the larger countries having positive ESI readings.

For operational reasons, we were a little late launching the MTA Business Survey but this is now underway; if you did not get the launch email, you can the secure online from at www.mta.org.uk/mta-business-survey-may24 – we hope you can spare a couple of minutes to let us have your feedback.

That concludes the Friday Brief for this week! We hope you have an amazing weekend and a great week ahead!

Economic News

European Commission Economic Sentiment Indicator, May 2024: 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 May* report shows the […]

PURCHASING MANAGERS INDEX FOR MANUFACTURING

The Global Purchasing Managers Index (PMI) for manufacturing, produced by S&P Global and sponsored by J P Morgan more than recovered the dip we saw in April (which looks like an effect from the timing of Easter) and at 50.9, it recorded its highest level since July 2022. Both output and new orders saw an […]

Vocl Bursary Offer

Free EDI guide

Equality, diversity and inclusion are essential to a business especially right now with the pressures from the government. Understanding your responsibilities as an employer and putting measures in place to meet them can be hard but necessary. Our Associate Member Citation is here to help, download Citation’s free guide ‘Improving equality, diversity and inclusion in […]

Notice to exporters 2024/13: updates to the lists of controlled items on 4 licences

The Export Control Joint Unit (ECJU) has amended 4 open general licences (OGLs) to update the lists of controlled items following a change to the Export Control Amendment Regulation that came into force on 1 April 2024. The licences are: If you have licences in scope, ECJU will contact you to confirm the decision and […]

KING’S AWARD FOR ENTERPRISE

MTA Standards Booklet

Please find a link below to Standards Update Booklet which provides the following information: This document is updated and distributed every 3 months. It is available via the MTA’s Friday Brief and on our website. If you are interested in becoming part of any of the BSI committees the MTA participates in, have more information […]

Friday Brief