Continued trading uncertainty is ‘shocking’
- 29/03/2019
- Posted by: Alan Feldberg
- Category: News
The Society of Motor Manufacturers and Traders (SMMT) has described it as ‘shocking’ that the political situation going forward is still unresolved on the day the UK was meant to be leaving the EU.
This comes after SMMT figures showed that UK engine manufacturing was down seven per cent in February, with 235,595 units built. SMMT also reported a double-digit drop in domestic output.
Mike Hawes, SMMT chief executive, said, ‘February’s figures reflect the uncertainty in the industry among buyers and manufacturers alike.
‘Progress needs to be made in securing a relationship with the EU that safeguards international trade and frictionless access to overseas markets. It is shocking that manufacturers are still in the dark over what their international trading situation is going to be in just a matter of weeks.’
