Manufacturing sees positive improvement for August
Vehicle manufacturing was up across the board last month, mirroring the encouraging improvement enjoyed by car registrations in August.
Figures from the SMMT show that car manufacturing increased by 10.7% through August, which resulted to a 4.4% jump so far this year.
Commercial vehicles saw similar success last month, rising by 9.3% despite a 4% drop overall for 2011. Production of engines was also better off by 14.4%, contributing to a 4.8% rise for the year.
SMMT boss Paul Everitt believes that inward investment was aiding the recovery of the car manufacturing industry.
“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,” said Paul Everitt, SMMT Chief Executive.
“We are on target to exceed 2010 production volumes this year with more growth to come in 2012.
“The Government must continue to encourage and incentivise private sector investment in R&D, skills and capital equipment to maintain momentum and deliver lasting opportunities for the UK supply base.”
August reported the first positive shift in private car registrations in 13 months [more on that here].
See also:
No comments yet
