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MTA Monthly Survey Reports More Jobs In Manufacturing

Industry News

The latest results from the MTA’s monthly survey of members show a positive swing in the number of manufacturing technology companies taking on new staff, with nearly a quarter of respondents reporting an increase in employment compared to last month. In addition, order intake grew by over 12%, taking the orders measure to the highest level since the survey began.

Results of the MTA’s monthly survey for February show that the trend for jobs in the sector continues to strengthen with almost 25% of respondents reporting an increase in the number of people employed, and the strongest balance for this question since the survey started nearly two years ago.

In fact MTA member, Renishaw, has recently reported that they have nearly 250 vacancies in the Group – just one illustration of what the surveys are telling us about an improving employment situation in the manufacturing technologies sector. Net order intake recorded a month-on-month increase in February too, with this continued growth recording a new high for this measure. And, although invoiced sales were slightly lower than in January, the actual results show that the majority of companies reported an increase of at least 20% in invoiced sales.

Not surprisingly, business confidence is running at a high level, buoyed by the high level of inquiries which was significantly greater than in January, and at its highest level since June 2010. (Source: MTA, March 2011)

For further information please contact Paul O’Donnell at the MTA

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