Engine production stutters in October
- 29 November 2021
- Posted by: Alan Feldberg
- Category: News
Engine production fell by more than a third in October, with production for both domestic and export markets equally impacted.
Figures from the Society of Motor Manufacturers and Traders found that UK factories turned out 129,114 engines last month, down 34.6%. Production for both domestic markets dropped 35.4% while production for exports markets was down 34.1%.
Year-to-date engine manufacturing down 6.9% to 1,407,231 units compared to a weak 2020 and 35.4% below the five-year average.
Mike Hawes, SMMT chief executive, said: “With engine output declining for the fifth consecutive month, this worrying trend shows no sign of easing. The worldwide shortage of semiconductors, a crucial component in both engines and finished vehicles, continues to wreak havoc on production. As shortages are likely to carry on into 2022, the entire sector needs additional measures that focus on improving its international competitiveness, alleviating spiralling energy and rising employment costs, if it is to be at the forefront of the global motor industry.”