UK Car Manufacture Increases for the First Time in 15 Months
26 September 2019 - 09:30AM
Dow Jones News
By Carlo Martuscelli
British car production rose by 3.3% in August, the first
recorded increase in 15 months, an industry body said Thursday.
The Society of Motor Manufacturer and Traders said that 92,158
units rolled off of U.K. assembly lines in the month, up from
89,255 in the comparable period the year before.
The trade organization attributed the increase to a number of
key factories producing throughout August after having moved
forward a planned summer shutdown in preparation for Brexit.
Nevertheless, in the year to date total production is 17% below
the levels reached at the same time in 2018.
"While growth is always welcome, today's figures mask the
underlying downward trend and strengthening global headwinds facing
the sector, including international trade tensions, massive
technological upheaval and, in the UK, political and economic
uncertainty," said Mike Hawes, SMMT chief executive.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
September 25, 2019 19:15 ET (23:15 GMT)
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