Engine production stutters back into growth
- 4 July 2022
- Posted by: Alan Feldberg
- Category: News
UK engine output rose in May for the first time in nearly a year.
According to the Society of Motor Manufacturers and Traders, engine production rose 12.3%, marking the first month of growth since June 2021.
Output for grew 26.1% while production for the UK decreased marginally, by 2.1%.
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.”