SMMT News UK Manufacturing

CV manufacturing returns to growth in December

23 January 2015 #SMMT News #UK Manufacturing
  • 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.”

UK CV manufacturing December 2014

CV output – rolling year total

Commercial vehicle (CV) output – rolling year total

 

CV output – % change per 2014 quarter

Commercial vehicle (CV) output – % change per 2014 quarter

 

Click through to download the UK CV manufacturing news release for December 2014.

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