Manufacturing continues upward trajectory
British engine manufacturing enjoyed healthy growth in September, continuing the upward trend seen in 2016 so far.
According to figures from the Society of Motor Manufacturers and Traders (SMMT), 239,086 units were built in September, representing a 6.3% increase.
Year-to-date figures put the figure at near 1.9 million units, which is a 6.7% growth.
Domestic demand is driving the growth, with a 38.1% rise countering a 10.9% fall in exports.
Mike Hawes, SMMT chief executive, said, ‘UK engine manufacturing continues to benefit from investments made in previous years into new plants and models. Output has increased significantly this year to meet demand for local production of vehicles which are exported globally. Although manufacturing for overseas factories has fallen recently, exports still account for the majority of engine demand, so it is crucial that government safeguards the conditions that will allow the industry to maintain its international competitiveness.’