Engineering And Machinery Alliance (EAMA)
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Positive start to 2014

In 2014, UK based mechanical engineering firms could be about to enjoy their best year since 2008, according to the Engineering and Machinery Alliance (EAMA). Its Business Monitor shows that despite some rather gloomy predictions from many observers in the first half of the year, business was generally healthy in 2013.

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Positive first quarter for UK mechanical engineering

After a strong first quarter the six-month outlook for UK mechanical engineering firms is bullish according to the Engineering and Machinery Alliance’s March Business Monitor, which shows more firms reporting gains in enquiry levels than for the last three years. Order levels too are growing, albeit not as strongly as for prospects and enquiries.

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Access to finance much impproved

In June between a fifth and a quarter of mechanical engineering firms found access to finance easier than at any time in the last five years, according to the Engineering and Machinery Alliance’s (EAMA) monthly Business Monitor.

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Mechanical engineering firms continue to invest

For the seventh time in the last eight months, more than two-fifths of mechanical engineering companies said they were investing across all their activities, according to the Engineering and Machinery Alliance’s (EAMA) July Business Monitor.

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Complementary industrial strategy

In response to government’s industrial strategy development, the Engineering and Machinery Alliance (EAMA) has announced plans for a complementary industrial strategy for the machinery and allied component (MAC) supply chain sector.  It will be based on the conclusions of a pilot study EAMA commissioned from the University of Cambridge Institute for Manufacturing (IfM) with assistance from the Department for Business, Innovation and Skills.

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