- UK commercial vehicle (CV) manufacturing output up 12.6% in December, the first month of growth since July 2013.
- Output fell 19.7% in 2014, but month of growth heralds bright future.
- Growing demand at home helped to drive December growth, despite deflated export markets.
“The growth of commercial vehicle manufacturing output in December represents a turning point in the sector’s fortunes,” said Mike Hawes, SMMT Chief Executive. “A ramping up of new model production, as well as a thriving home market, is expected to yield a stronger 2015, while the effects of restructuring in 2013 will no longer be felt.”
CV output – rolling year total
CV output – % change per 2014 quarter
Click through to download the UK CV manufacturing news release for December 2014.
