July saw levels of orders and sales in the manufacturing technology sector broadly maintained, according to the latest survey from the Manufacturing Technologies Association (MTA), the body representing the UK machine tool and manufacturing technology sector.
The MTA said that this month, the value of order intake fell slightly, though the “cumulative trend” remains high.
It added that invoiced sales increased in comparison to the June figures, with the majority of respondents reporting a rise in sales, taking the cumulative trend to its highest level for four months.
“The balance for business confidence remains significantly positive despite feedback that the level of inquiries has fallen,” it added.
For some businesses, the fall of inquiries in July could be attributed to peak of business interest following MACH2010, which was staged in early June.
MACH 2010 was seen as a barometer of industry. The event delivered over and above what was expected, and was a real success for all involved.
Jobs boost
Meanwhile, July saw the first positive balance for jobs, although the majority of respondents reported no change in their employee numbers.
In June, Graham Dewhurst, the MTA’s Director General said: “These numbers are good news for manufacturing.” Manufacturing Digital believes that sentiment remains true today - the ‘sustained growth’ is a real indication that improved economic conditions are building towards a strong second half in 2010.
SOURCE: MTA
Edited by Ellie Duncan