26 February 2021 #UK Manufacturing
- UK engine manufacturing output declines -29.3% in January with just 168,291 units built.
- Production for domestic and overseas markets falls -27.2% and -30.8% respectively.
- 13th consecutive month of decline as automotive sector looks towards March budget for support.
Mike Hawes, SMMT Chief Executive, said,
It has been an extremely challenging start to the year for UK engine manufacturers who have seen their output severely dented by the ongoing pandemic, a subdued market, and border friction following agreement of the UK/EU trade deal. While there is a roadmap out of lockdown, the sector still faces multiple headwinds and so the Chancellor’s Budget next week is an opportunity to enhance the industry’s competitiveness and ensure that the UK’s skilled engine building workforce is part of the future of the sector as it transforms to electrified powertrains.
