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    Manufacturing

    Confidence and investment are returning

    • By MTDCNC
    • May 17, 2021
    • 2 minute read

    Since our March issue, the Covid vaccination figure has jumped from 20 to 48 million, with 14 million adults (21.5%) now fully vaccinated. Going to the pub is a reality and business confidence is rapidly returning – the gloom is finally abating. If ever we needed any confirmation of a return to pre-pandemic reality, look no further than our ‘Industry Round-up’ section. The recent CBI quarterly survey highlights some impressive figures on the industry’s investment plans, returning confidence, optimism, and order growth.

    The editorial desk is becoming awash with company growth, new staff, and increased sales performance news. Not usually the reserve for our ‘Industry Round-up’, one press release struck a chord – it was from XYZ Machine Tools. It reported that the Devon machine tool company received its highest order intake for 18 months in February – a figure exceeded in March. XYZ ships more machines in the UK than any other company and can be considered somewhat of a barometer for the sector. Hopefully, this success will rapidly flow throughout the industry. For manufacturers considering investing, the government’s ‘Super Deduction’ incentive for capital equipment should be a key factor influencing subcontractors to finally place that order!

    In this issue, we have some fantastic features. These include a review of industrial strategy from AMRC founder Professor Keith Ridgway, the contribution of metrology to sustainability by Dr. Christian Young, which kicks off our measurement technology focus and we even have a competition from Mitutoyo. And of course, the medical industry report – with the industry in continuous growth and currently double the size of the civil aviation industry in the UK…is it a growth sector you need to diversify into?

    https://cdn.mtdcnc.global/cnc/wp-content/uploads/2021/05/19122000/Covid-19-vaccines-capacity-to-reduce-transmission-640x360.jpeg

    Confidence and investment are returning

    Since our March issue, the Covid vaccination figure has jumped from 20 to 48 million, with 14 million adults (21.5%) now fully vaccinated. Going to the pub is a reality and business confidence is rapidly returning – the gloom is finally abating. If ever we needed any confirmation of a return to pre-pandemic reality, look no further than our ‘Industry Round-up’ section. The recent CBI quarterly survey highlights some impressive figures on the industry’s investment plans, returning confidence, optimism, and order growth.

    The editorial desk is becoming awash with company growth, new staff, and increased sales performance news. Not usually the reserve for our ‘Industry Round-up’, one press release struck a chord – it was from XYZ Machine Tools. It reported that the Devon machine tool company received its highest order intake for 18 months in February – a figure exceeded in March. XYZ ships more machines in the UK than any other company and can be considered somewhat of a barometer for the sector. Hopefully, this success will rapidly flow throughout the industry. For manufacturers considering investing, the government’s ‘Super Deduction’ incentive for capital equipment should be a key factor influencing subcontractors to finally place that order!

    In this issue, we have some fantastic features. These include a review of industrial strategy from AMRC founder Professor Keith Ridgway, the contribution of metrology to sustainability by Dr. Christian Young, which kicks off our measurement technology focus and we even have a competition from Mitutoyo. And of course, the medical industry report – with the industry in continuous growth and currently double the size of the civil aviation industry in the UK…is it a growth sector you need to diversify into?