28 October 2021 #UK Manufacturing
- UK factories produced 138,059 engines last month, a decline of -36.3%.
- Output for both domestic and export markets falls by -42.0% and -32.6% respectively.
- Year-to-date engine manufacturing fell -2.8% to 1,278,117 units compared to 2020 and remains -33.9% below the five-year average.1
Mike Hawes, SMMT Chief Executive, said, “During September the number of engines produced declined by over a third, continuing this worrying trend for the fourth consecutive month. The global shortage of semiconductors continues to stall the production of engines as well as finished vehicles, with the situation unlikely to ease until 2022. Despite yesterday’s budget offering some welcome news for the industry, it represented a missed opportunity to offer much needed short-term support in light of pandemic related supply contraints such as semicoductors.”