A positive start to 2011 for manufacturing technologies
Despite the short month and adverse weather, December results from the MTA’s monthly survey of members show increased order intake and invoiced sales in UK’s manufacturing technology sector, setting a positive tone for 2011. Results of the MTA’s monthly survey show order intake increased by 10% in December, and invoiced sales grew nearly 60%, supporting recent data published by the British Chambers of Commerce which showed that strong performance in the manufacturing sector during Q4 has helped boost the UK economy.
Not surprisingly, business confidence is on the increase; however a dip was seen in the quantity of inquiries over December. This apparently seasonal reduction in inquiries may be attributed to the shorter working month. In regards to employment, the trend remains positive with a number of MTA members looking to recruit in the New Year.
In a rising market manufacturers should be looking for ways to further capitalise, and taking part in events such as the MACH exhibition, which will next be held in April 2012, providing an excellent platform to launch new products to market, and to meet new purchasers. Interested exhibitors should contact the MTA for more information. (Source: MTA, January 2011)
For further information please contact Paul O’Donnell at the MTA