- UK engine production declines -10.6% in July to 176,377 units.
- Demand from home and international markets falls -16.6% and -6.5% respectively.
- Year to date output down -35.2% with 537,712 units lost in first seven months.
Mike Hawes, SMMT Chief Executive, said,
July’s engine production figures, while an improvement on recent months, highlight that this sector’s future is far from secure. As the sector tries to ramp up production while also grappling with heavy losses and global economic uncertainty, it simply cannot afford the further blow of tariffs at the end of the year if a deal with the EU cannot be struck. Even in a pandemic, exports sustain UK engine production so an ambitious Free Trade Agreement that allows this valuable trade to recover and prosper is critical.