QMT News: January 2010
Manufacturing strengthening - but too early to pull support out - MTA
The Manufacturing Technologies Association's (MTA) industry survey, issued last month, shows growing confidence in the market and another monthly rise in order intake. But the MTA say it is too early to claim  the worst is over.

 The machine tool sector’s net order intake has risen, but is still lower than a year ago. Invoiced sales are also showing a month on month increase, all signs that engineering based manufacturing is on the way to economic recovery. As a result of the brighter economic picture business confidence is also rising, with more companies in the sector reporting an increase in enquiries and a positive outlook - confidence is at a 5 month high according to the current survey results. The sector will disappointed though, at the news that Capital Allowances of 40% are to be cancelled in March 2010. That will hit the affordability of industrial equipment and hamper investment.

 Employment levels still appear negative but there are still positive signs to report with most companies responding with ‘no change’ at present compared to previous months which saw a number of job cuts.
You can now view all QMT Magazine issues on your favourite tablet or smart phone.
Download the free Quality Manufacturing Today App from the Apple iTunes App Store or from QMT Magazine on Google Play.

Rob Tremain Photographer
Click above to see full page display and links to QMT articles.
View Olympus video>>
Hexagon Logo 2
Vision 2016 ad
Nikon logo