UK car output dips on slow domestic demand but exports rise

UK car output dips on slow domestic demand but exports rise
 

UK car manufacturing slipped in October for the first time in 14 months amid slower domestic demand, according to the industry's trade body.
The Society of Motor Manufacturers and Traders said production dipped 1% last month against October last year, to 151,795 units.
However, exports rose for the 15th month in a row, with 122,765 cars built for overseas markets, a 1.7% rise.
This offset a 10.9% fall in production for the home market.
Exports accounted for 80.9% of UK production in October.
The SMMT said the UK motor industry remained strong, with production up by 9.2% so far this year,... read more

 
24 November 2016 in Regional, Views: 50
Source: BBC
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