Saturday, 26 March 2016

UK car production continues strong start to 2016, with 13.1% growth in February.

UK CAR MANUFACTURING (data for February 2016)

  • UK car production continues strong start to 2016, with 13.1% growth in February.
  • Export production increases 9.1%, with output for UK market up by a quarter.
  • 284,507 cars built in the year so far, up 10.6% on 2015.
British car manufacturing achieved another month of strong growth in February with output up 13.1%, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT).

Reflecting the growing popularity of UK-built cars both at home and abroad, February’s performance puts production for the year-to-date up 10.6% over the same period last year. 
Output for the domestic market rose 24.4% in the month, accompanied by a robust 9.1% increase in export production.
Mike Hawes, SMMT Chief Executive, said, “The UK automotive industry’s impressive growth continued into February, with demand from both domestic and overseas customers showing no signs of slowing. The outlook for the sector is bright, but much will depend on global political and economic conditions in the months and years to come.”

No comments:

Post a Comment

Please leave a message, I will verify them swiftly, Sorry to have to do this now as some twat keeps spamming my message system, unfortunately they are ignorant and spoil it for everyone else,

Note: only a member of this blog may post a comment.