Idle month for engines as output slumps 2.4%
By Kelly Mason
Tuesday, March 25, 2014 - 15:00
IDLE: Poor month for engine output
Engine manufacturing in February was down 2.4% on 2013 levels, Society of Motor Manufacturers and Traders’ (SMMT) figures have revealed.
At 220,466 units, the slump has been attributed to plants waiting for full-scale vehicle output.
The figures mean manufacturing is down 4.3% year-to-date, with the home market – which experienced a 11.9% drop last month – down 14.6% year-to-date.
Meanwhile, output for export rose 3.9% – growing the export share to 64% of production – meaning year-to-date the market is up by 2.5%.
The SMMT predict the sector is set for major growth, with the new Jaguar Land Rover Wolverhampton plant opening next year.