UK information (from earlier) - ordinal consecutive month of falling vehicle production - Trading Forex Today

Wednesday, August 28, 2019

UK information (from earlier) - ordinal consecutive month of falling vehicle production

Society of Motor makers and Traders (SMMT) GB vehicle production information for July 2019
cars created in GB fall eighteen.9% y/y
SMMT aforesaid the decline in export orders was "primarily responsible"
overseas shipments -20.2% since Jan
production for the united kingdom YTD -13.5%

SMMT comments:

decline thanks to associate "ongoing weakness in major EU and Asian markets not to mention some key model changes"

global headwinds ar robust
escalating trade tensions
softening demand
significant technological modification
UK market additionally weak

we need a Brexit deal - and quickly - to unlock investment and safeguard the long run way forward for a sector that has recently been such a global success story

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