28 July 2022 #UK Manufacturing
- Engine production declines -12.7% in first six months of 2022, totalling 812,397 units.
- Year to date output for export falls -9.7%, while production for the UK is down -16.4%.
- Measures to reduce business costs, including energy, must be a priority to protect UK competitiveness and jobs.
Mike Hawes, SMMT Chief Executive, said,
The global shortage of semiconductors continues to wreak havoc on the production of vehicles and, in turn, engines, with manufacturers operating in a highly challenging economic environment. To ensure the UK is an attractive place to invest, however, key competitiveness issues such as business costs, not least energy, must be tackled to safeguard the skilled jobs that make a huge contribution to the British economy.
