Another good quarter for manufacturing industry
A
Manufacturing Technologies Association product story
Edited by the Engineeringtalk editorial team
Oct 2, 2006
Trends survey shows Q2 2006 order intake above that in Q1, although the pace of growth slowed a little from the hectic start to the year.
The results of the Manufacturing Technologies Association Trends Survey for the Q2 2006 showed that order intake was above that in Q1, although the pace of growth slowed a little from the hectic start to the year.
The key points of the survey, to which there were 108 respondents from across the Association (higher than the previous survey as the companies that were members of BHECTA are now eligible to take part in the MTA surveys), were as follows.
The percentage balance for business confidence in Q2 2005 was +28%, led by an improved outlook among the respondents from the machinery manufacturers section; in Q1 2006 the balance was +24%.
Order intake was +4.1% higher than in Q1, with the machinery manufacturers' section again leading the way.
The outlook for Q3 is mixed and, with the machinery manufacturers' section expecting a significant drop in orders compared with Q2 (led down by export demand which is not unusual in the summer period), the overall trend identified by the respondents is for a -1.1% fall in order intake compared with Q2.
MTA Director General, Andrew Manly commented: "This was another good quarter for the industry and, although the outlook for the next period is weaker, this is mainly due to seasonal factors and only really represents a not unexpected pause in the growth trend over the summer months".
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