FOREX TradingCharts.com

Financial News: UK Car Production Rises Ahead Of Summer Factory

UK Car Production Rises Ahead Of Summer Factory Shutdowns: SMMT

08/24/2017 - 00:44:00 (RTTNews)

(RTTNews) - British carmakers ramped up production for new and existing models in July ahead of summer factory shutdowns, the Society of Motor Manufacturers and Traders said Thursday.

Car production increased 7.8 percent year-on-year to 136,397 units in July after seven consecutive months of decline.

Production for home market surged 17.7 percent and that for exports grew 5.3 percent in July. Cars made for overseas buyers represented nearly 80 percent of production with 106,525 units shipped abroad, compared with 29,872 which stayed at home.

Although new car production decreased by 1.6 percent during the year-to-date period, output exceeded the one million mark.

"As the timing and length of these manufacturing pauses can shift each year, market performance comparisons for July and August should always be treated with caution, but as long as the economic conditions at home and abroad stay broadly stable we expect new car production to remain in line with expectations for the rest of 2017," Mike Hawes, SMMT chief executive, said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


CHILE: August PPI Records Highest Monthly Increase Since November 2016 (12 min(s), 04 sec(s) ago)
(RTTNews) - Chile's Producer Price Index (IPP) accelerated 2.2% in August on a monthly basis, ...Full Story»

MEXICO: Consumer Prices Rise 0.34% In First Half Of September (28 min(s), 04 sec(s) ago)
(RTTNews) - Mexico's National Consumer Price Index (INPC) increased 0.34% in the first half of ...Full Story»

COLOMBIA: Crude Oil Production Up 0.25% In August On A Monthly Basis (37 min(s), 04 sec(s) ago)
(RTTNews) - The Colombian crude oil production during August reached 858,511 barrels per day on av ...Full Story»

Norges Bank Unlikely To Hike Rates In Near Future: Capital Economics (06 hr(s), 53 min(s), 04 sec(s) ago)
(RTTNews) - Norway's interest rate increases seem very far with inflation likely to remain bel ...Full Story»

Eurozone Private Sector Growth At 4-Month High (08 hr(s), 53 min(s), 04 sec(s) ago)
(RTTNews) - Eurozone's private sector expanded at the fastest pace in four months in September ...Full Story»

Russia CB Likely To Cut Rates Further On Lower Inflation Expectations (09 hr(s), 17 min(s), 04 sec(s) ago)
(RTTNews) - Russia's central bank is likely to cut interest rates in the near future amid lowe ...Full Story»

Brazil Business Confidence Improves Slightly (09 hr(s), 20 min(s), 04 sec(s) ago)
(RTTNews) - Brazil's business confidence improved for the third straight month in September, t ...Full Story»

Brazil Consumer Confidence Strengthens In September: FGV (09 hr(s), 34 min(s), 04 sec(s) ago)
(RTTNews) - Brazil's consumer confidence improved in September after weakening in the previous ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

CHILE: August PPI Records Highest Monthly Increase Since November 2016

09/24/2017 - 17:06 PM (RTTNews)
(RTTNews) - Chile's Producer Price Index (IPP) accelerated 2.2% in August on a monthly basis, ...Full Story>>

MEXICO: Consumer Prices Rise 0.34% In First Half Of September

09/24/2017 - 16:50 PM (RTTNews)
(RTTNews) - Mexico's National Consumer Price Index (INPC) increased 0.34% in the first half of ...Full Story>>

COLOMBIA: Crude Oil Production Up 0.25% In August On A Monthly Basis

09/24/2017 - 16:41 PM (RTTNews)
(RTTNews) - The Colombian crude oil production during August reached 858,511 barrels per day on av ...Full Story>>

Norges Bank Unlikely To Hike Rates In Near Future: Capital Economics

09/22/2017 - 10:25 AM (RTTNews)
(RTTNews) - Norway's interest rate increases seem very far with inflation likely to remain bel ...Full Story>>

Eurozone Private Sector Growth At 4-Month High

09/22/2017 - 08:25 AM (RTTNews)
(RTTNews) - Eurozone's private sector expanded at the fastest pace in four months in September ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.