23 December 2020 #SMMT News #UK Manufacturing
- 189,883 UK engines built in November as output declines by -8.2%.
- Production for domestic and overseas markets falls -7.8% and -8.4% respectively.
- Engine output has declined in every month of 2020, with year-to-date output down -28.2%.
Mike Hawes, SMMT Chief Executive, said,
The eleventh consecutive month of decline for UK engine production is extremely concerning, and while the coronavirus pandemic has been the overriding cause, a lack of clarity on trade with the EU and other markets has also played a role. With now just nine days until the end of the transition period, we urgently need a deal agreed that guarantees tariff-free trade for all automotive goods from day one. Without it, recovery in 2021 will be nigh on impossible, with severe consequences for the sector, jobs and the wider economy.