LONDON (MNI) – Strong export-oriented growth saw UK car production
up 10.7% on the year in August, with no clear sign of recent market
turbulence curbing output.
UK car production for export markets was up 18.0% on the year while
domestic production was down 9.2%. In the year-to-date through August
car output was up 4.4%.
A raft of recent data had shown the UK’s manufacturing recovery
faltering, but these figures appear encouraging.
“A manufacturing-led recovery is taking shape with August’s
automotive output up more than 10% and a recent wave of private
investment securing long-term growth for the UK sector We are on target
to exceed 2010 production volumes this year, with more growth to come in
2012,” Paul Everitt, SMMT Chief Executive, said.
–London newsroom: 4417 862 7491 email: drobinson@marketnews.com
[TOPICS: MABDS$,M$B$$$]
