SMMT: Strong Home Demand Sees UK Oct Car Manufacturing Rise ...

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LONDON (MNI) ? Strong domestic demand saw October UK car
manufacturing post a 6.5% rise on a year ago, and a 9.7% rise in the
year-to-date.

Manufacturing for the domestic market was up 18.1% on a year ago,
while the dominant export sector, which made up 85.3% of total output,
saw only a 4.7% rise on the year, according to Society of Motor
Manufacturers and Traders data.

?The UK automotive industry got back on track in October ? but
there remain significant challenges as European market demand remains
weak,? Paul Everitt, SMMT Chief Executive, said.

Car manufacturing has been a bright spot in UK manufacturing, while
sector as a whole has failed to expand consistently. Manufacturing did,
however, post a 1% rise on the quarter in Q3.

-London newsroom: +44 207 862 7491; email: drobinson@marketnews.com.

[TOPICS: MABDS$,M$B$$$]

Source: http://www.forexlive.com/blog/2012/11/15/smmt-strong-home-demand-sees-uk-oct-car-manufacturing-rise/

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