🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

UK car production rises 16 percent in September with upturn in exports - SMMT

Published 22/10/2015, 00:10
© Reuters. New Mini cars are parked outside a Mini dealership in Brighton in southern England

LONDON (Reuters) - British car production rose by nearly 16 percent in September compared with the same month last year driven by a rise in car exports, an industry body said on Thursday.

The Society of Motor Manufacturers and Traders said car manufacturing rose by a yearly 15.5 percent to 158,281 units.

"Particularly encouraging is the recent upturn in exports, which are higher than they were in 2014, reflecting growth in key overseas markets such as the rest of Europe," SMMT Chief Executive Mike Hawes said.

© Reuters. New Mini cars are parked outside a Mini dealership in Brighton in southern England

Cars built for exports, which account for around three in four of all British-made models, rose 13.9 percent to 117,307 units in September compared to the same month last year. Production for the British market rose by around 20 percent.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.