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November 19, 2015

UK engine production up 4% in October – SMMT

Britain's Society of Motor Manufacturers & Traders (SMMT) says UK engine production rose 4% in October compared with the same month last year.

Britain’s Society of Motor Manufacturers & Traders (SMMT) says UK engine production rose 4% in October compared with the same month last year.

Exports continued to rise, with manufacturing for overseas markets up 13.2% month-on-month.

Total year-to-date production remains relatively steady, down 1.3% on 2014.

“Continued overseas demand for UK-built engines drove sector growth of 4% in October, compared with the same month last year,” said SMMT chief executive, Mike Hawes.

“Some 135,434 engines were produced for foreign markets, representing an uplift of 13.2%.

“Year-to-date volumes fell slightly by 1.3% set against a 1.3% increase in exports, while overall output surpassed the 2m unit milestone, reflecting the stability of the market.”

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