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News Release from: Manufacturing Technologies Association
Edited by the Manufacturingtalk Editorial
Team on 29 November 2005
Survey shows order dip
The results of the Manufacturing Technologies Association (MTA) Trends Survey for the 3rd quarter of 2005 show a dip in orders for the sector over the summer.
The results of the Manufacturing Technologies Association (MTA) Trends Survey for the 3rd quarter of 2005 show a dip in orders for the sector over the summer, but respondents expect a recovery in the final period of the year The key points of the survey, to which there were 94 respondents from across the Association, were: Order intake was -2% lower than in the 2nd quarter of the year; all three sections of the Association saw a reduction; The Machinery Importers' and Equipment Suppliers sections expect a higher level of orders in the 4th period, so despite some pessimism in the Machinery Manufacturers' section, the respondents overall predict that orders will be +2% up on the 3rd quarter; The percentage balance for business confidence (see note 2) in the 3rd quarter of 2005 was -8%, due mainly to some negative sentiment in the Machinery Importers' Section; this compares with -4% in the 2nd quarter and 0% in the 1st period of 2005
This article was originally published on Manufacturingtalk on 13 Apr 2004 at 8.00am (UK)
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Commenting on the figures, MTA Director General, Andrew Manly said: "A dip in orders over the summer is not unusual but the expectations suggests that business in the sector is broadly flat at the moment; we expect some recovery in demand during 2006, although this will be modest compared to previous cycles.".
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