Week 46 in Manufacturing News

U.S. Factory Output Rises More Than Forecast as Ida Impact Fades; UKEF Overhauls Guarantees to Kickstart Major Exports; Best of British Manufacturing: The Manufacturer MX Awards 2021 Winners Announced.

U.S. Factory Output Rises More Than Forecast as Ida Impact Fades

Production at U.S. factories rose in October by more than forecast, bouncing back from the effects of Hurricane Ida and suggesting manufacturers are having a better time addressing materials shortages. The 1.2% increase in manufacturing production followed a 0.7% decline in September, Federal Reserve data showed Tuesday. Total industrial production, which also includes mining and utility output, advanced 1.6% in October.

Source: Bloomberg.

UKEF Overhauls Guarantees to Kickstart Major Exports

UK Export Finance can now finance international companies setting up in the UK to export as well as a newly simplified guarantee for SMEs. UKEF reveals clean growth guarantee for businesses seeking major funding to deliver on the UK’s COP26 commitments.

Changes announced during International Trade Week as UK launches its new ‘Made in the UK, Sold to the World’ campaign

Source: GOV.uk

Best of British Manufacturing: The Manufacturer MX Awards 2021 Winners Announced

The winners of The Manufacturer MX (TMMX) 2021 Awards have just been announced. Organised by The Manufacturer in partnership with the Institution of Mechanical Engineers (IMechE).

Source and list: The Manufacturer.