Irish manufacturing declines for first time in six years Inflows of new business fell for the second month and at the fastest rate since the beginning of 2012, according to the AIB Ireland Manufacturing PMI for June. Forward looking sentiment eased to a 34-month low. The PMI for June read 49.8, down from 50.4 in […]
Eurozone Manufacturing output falls in June The IHS Markit Eurozone Manufacturing PMI® for June read 47.6, marginally lower than May, and reflecting ongoing falls in output and new orders, for the fifth successive month. Greece (52.4), France (51.9) and the Netherlands (50.7) alone recorded growth and both Greece and Netherlands represented long term low readings. […]
UK manufacturing PMI drops to six year low The UK manufacturing sector continued to feel the reverberations of unwinding pre-Brexit inventory stockpiling activity, according to the IHS Markit/CIPS UK Manufacturing PMI®. Already high stock levels led to a scaling back of output and new order intakes, with demand from both domestic and export markets weakening. […]
JLR confirms EV range to be built at Castle Bromwich Jaguar Land Rover confirmed it will build a range of new electrified vehicles at its Castle Bromwich manufacturing plant from 2020. The first model to be produced will be the next-generation all-electric Jaguar XJ luxury saloon. The announcement was made as the last of the […]
Secure your place so you don’t miss a great night Last year we revived the tradition of the CBM Annual Dinner and received brilliant feedback from attendees, who dined, danced and networked with peers from across the industry. This year will be even more exciting, with new awards, a great keynote speaker, fantastic music…and, of […]
Ford of Europe confirmed in a letter to employees that it proposes to cease production at its Bridgend Engine Plant and to close it on 25th September 2020. In a media statement on 6thJune, Ford of Europe said: “The proposed action is a necessary step to support Ford’s global business redesign and is part of the […]
According to the Q2 Manufacturing Outlook survey published by Make UK, The Manufacturers’ Organisation and business advisory firm BDO LLP, domestic and export orders are continuing to trend down as the boost of artificial stockpiling unwinds, whilst growing evidence shows overseas customers are switching their supply chains away from the UK. Key survey findings include: […]
The IHS Market/CIPS UK manufacturing Purchasing Managers’ Index® fell sharply from a reading of 53.1 for April to a contraction reading of 49.4 for May. This was the first time since July 2016 the PMI® has fallen below the neutral 50.0 benchmark and at one of the fastest rates in six-and-a-half years. Manufacturers reported increased difficulties in convincing […]
The CBM have been working hard to develop the skills agenda that our members need for the future. Our recent invitation from the Department for Education to feed into the new T-Levels was welcome recognition that Government are interested in our sector. You will see below the latest T-Levels update that has been published and […]