Product category:
Manufacturing orders, contracts, financial reports
News Release from: Manufacturing Technologies Association
Edited by the Manufacturingtalk Editorial
Team on 31 August 2005
Importers generate machine tool order
growth
The UK's MTA reports that order intake was +5% higher than in the 1st quarter of the year; this was led by strong growth in the machinery importers section.
The Trends Survey for the 2nd quarter of 2005 from the Manufacturing Technologies Association shows a continuation of the trends, which were identified in the previous quarter The key points of the survey, to which there were 92 respondents from across the Association, were: Order intake was +5% higher than in the 1st quarter of the year; this was led by strong growth in the machinery importers section; The percentage balance for business confidence (see note 2) in the 2nd quarter fell slightly to -4%, the first negative balance since the 1st quarter of 2003
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.
This was due entirely to the machinery importers section, with the other two sections having marginally positive balances; While the main constraint on activity was, as it often is, a lack of orders driven by the current economic situation, a significant minority of the respondents (weighted by turnover) in the machinery importers and equipment suppliers sections reported that they were suffering from a shortage of 'skilled labour'.
Issues with 'raw materials and components' were the 2nd most important constraint for the machinery manufacturers.
Andrew Manly, MTA Director General commented: "While it is encouraging to see orders continuing to grow, the weakness in confidence suggests that our members are less optimistic about prospects for the later part of the year.".
• 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
