30 June 2022 #UK Manufacturing
- May engine production increases 12.3%, the first growth since June 2021.
- Output for export grows 26.1% while production for the UK decreases marginally, by -2.1%.
- Industry calls for measures to help alleviate energy costs, drive investment, and futureproof jobs and skills.1
Mike Hawes, SMMT Chief Executive, said,
Despite the myriad challenges facing the sector, May’s return to growth for engine production, reflecting increased vehicle manufacturing output, is very welcome. The sector, however, is still someway off a full recovery and rising business costs, alongside pandemic related headwinds such as supply chain shortages and fears of economic downturn, remain a major concern. Urgent action is required now to help mitigate rising costs, boost the UK’s competitiveness and safeguard automotive manufacturing on which so many livelihoods and jobs depend.
