The Society of Motor Manufacturers & Traders (SMMV) has reported a modest 1.5% growth for British commercial vehicle manufacturing in February. Production for export was up by a fifth, outweighing a 13.2% fall in output for the domestic market. In total, CV manufacturing was up 10.5% in the first two months of 2016, compared with the same period in 2015.
‘February’s positive CV output, while more subdued than in January, continued to reflect buoyant demand for British-built vans, trucks, buses and coaches,’ said Mike Hawes, SMMT chief executive. ‘Once again, the ongoing recovery in European markets was the driving factor, with output for export growing for the seventh consecutive month, and up by more than a third for the year to date.’
This story uses material from the SMMT, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.