British automotive manufacturing declined by 18.2% within the first month of 2019, sparked by a major fall in demand from China and Europe.
In response to figures from the Society of Motor Producers and Merchants (SMMT), Britain produced 120,649 automobiles in January, 26,858 fewer than in the identical month of 2018. It’s the eighth consecutive month by which manufacturing has declined within the UK.
Whereas the variety of automobiles manufactured for the home market fell by four.eight%, the majority of the decline got here from the export market, which fell by 21.four%. Demand for British-built automobiles in China declined by 72.three%, with exports to the 27 different European Union member states down 20%.
The information is one other blow for the UK automotive business, following Jaguar Land Rover’s current losses – which it attributed partially to its struggles in China – and Honda’s current resolution to shut its Swindon manufacturing facility.
SMMT boss Mike Hawes mentioned that the business faces “myriad challenges”, together with falling demand and the specter of a commerce warfare. However he added the “clear and current hazard” stays the continued threat of a no-deal Brexit. He mentioned getting ready for that prospect was “monopolising time and sources, undermining competitiveness”.
He added: “Each day a no-deal Brexit stays a risk is one other day automotive corporations pay the worth in further and probably pointless prices.”
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