Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

UK car production up 1.9 percent in March - industry group

Published 23/04/2015, 00:17
© Reuters.  UK car production up 1.9 percent in March - industry group

LONDON (Reuters) - British car production picked up modestly in March, industry figures showed on Thursday, but a fall in exports left total output in the first three months of 2015 a fraction weaker than in 2014.

The Society of Motor Manufacturers and Traders (SMMT) said that production was 1.9 percent higher in March than in the same month last year, but that output in the first three months of the year had dropped by 0.6 percent.

Production for the fast-growing British market rose by 22 percent in the first three months of the year compared with 2015, but exports were nearly 7 percent lower, the SMMT said.

Vehicles produced per employee per year averaged 11.5 vehicles over the past five years, an increase of almost 25 percent over the previous five-year period, SMMT said.

This contrasts with the overall picture for Britain, where productivity growth has slowed sharply since the financial crisis, lagging behind other industrialised countries and raising concerns about the country's long-term growth prospects.

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.