Product category:
Manufacturing industry news
News Release from: Manufacturing Technologies Association
Edited by the Manufacturingtalk Editorial
Team on 30 May 2005
UK manufacturing technology orders rise
by 2%
Order intake in the manufacturing technology sector was +2% higher than in the 4th quarter of 2004 says the MTA, while the machinery manufacturers reported a marginal reduction in order intake.
The Manufacturing Technologies Association has released the results of its Trends Survey for the 1st quarter of 2005 The key points of the survey, to which there were 87 respondents from across the Association, were: Order intake was +2% higher than in the 4th quarter of 2004; the machinery importers and equipment suppliers sections saw business increase, while the machinery manufacturers reported a marginal reduction in order intake; The percentage balance for business confidence (see note 2) in the 1st quarter fell to 0% - i e, the percentage of respondents (weighted by turnover) reporting that they were 'more confident than 3 months ago' was equal to the percentage saying they were now 'less confident' (rounded to the nearest whole number)
This article was originally published on Manufacturingtalk on 9 Aug 2004 at 8.00am (UK)
Related stories
Steel workshop furniture manufacturer joins MTA
Latest company to join the Manufacturing Technologies Association is Bott, a UK subsidiary of a german company that manufactures steel workshop furniture.
While the major constraint on activity continues to be a lack of orders driven by the current economic situation, the machinery manufacturers reported that capacity was an issue and in all three sections, a significant minority of respondents reported a shortage of skilled labour.
MTA Director General, Andrew Manly commented: 'While the question on confidence saw the lowest balance for two years, given that MG Rover collapsed just a few days into the data collection period for this survey, it is, if anything, surprising that confidence did not fall further.'.
• Manufacturing Technologies Association: contact details and other news
• Email this article to a colleague
• Register for the free Manufacturingtalk email newsletter
• Manufacturingtalk Home Page
Search the Pro-Talk network of sites
