FOREX TradingCharts.com

Financial News: UK Car Production Declines For Fifth Month: SMMT

UK Car Production Declines For Fifth Month: SMMT

02/27/2020 - 03:26:00 (RTTNews)

(RTTNews) - UK car production declined for the fifth consecutive month in January as an increase in output for exports failed to offset the sharp decrease in domestic demand, the Society of Motor Manufacturers and Traders, or SMMT, said Thursday.

Car production fell 2.1 percent in January from the last year. Production has now fallen in 19 of the last 20 months.

Due to demand for the latest models coming to market from certain brands, overseas orders grew 4.1 percent to around 97,870 units. Meanwhile, production for the domestic market plunged 23.9 percent, reflecting weak confidence.

"Exports are the bedrock for UK car manufacturing so a rise in January exports is welcome following recent declining demand in overseas markets," Mike Hawes, SMMT chief executive, said.

These figures, however, still give great cause for concern, with another month of falling car production driven by a lack of confidence and corresponding weak demand in the UK, Hawes added.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Japan Eco Watchers Current Conditions, Outlook Weaken Sharply (09 min(s), 43 sec(s) ago)
(RTTNews) - A measure of the public assessment of the Japanese economy fell for the second month i ...Full Story»

Australia Housing Loans Fall Unexpectedly In February (23 min(s), 43 sec(s) ago)
(RTTNews) - Australia's housing loans declined in February, data from the Australian Bureau of ...Full Story»

S&P Lowers Australia's Rating Outlook To Negative (24 min(s), 17 sec(s) ago)
(RTTNews) - S&P Global Ratings revised the outlook on Australia's rating outlook to negati ...Full Story»

Philippine Trade Deficit Narrows In February (21 min(s), 17 sec(s) ago)
(RTTNews) - The Philippine trade deficit declined in February from last year as exports rose and i ...Full Story»

Japan Feb. Core Machine Orders Climb 2.3% (53 min(s), 17 sec(s) ago)
(RTTNews) - Core machine orders in Japan rose a seasonally adjusted 2.3 percent on month in Februa ...Full Story»

Japan Has Y3,168.8 Billion Current Account Surplus In February (28 min(s), 17 sec(s) ago)
(RTTNews) - Japan had a current account surplus of 3,168.8 billion yen in February, the Ministry o ...Full Story»

Japan Core Machine Orders Rise 2.3% In February (18 min(s), 17 sec(s) ago)
(RTTNews) - Core machine orders in Japan were up a seasonally adjusted 2.3 percent on month in Feb ...Full Story»

Japan Core Machine Order Data Due On Wednesday (08 min(s), 17 sec(s) ago)
(RTTNews) - Japan will on Wednesday release February figures for core machine orders and current a ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan Eco Watchers Current Conditions, Outlook Weaken Sharply

04/08/2020 - 01:42 AM (RTTNews)
(RTTNews) - A measure of the public assessment of the Japanese economy fell for the second month i ...Full Story>>

Australia Housing Loans Fall Unexpectedly In February

04/08/2020 - 01:28 AM (RTTNews)
(RTTNews) - Australia's housing loans declined in February, data from the Australian Bureau of ...Full Story>>

S&P Lowers Australia's Rating Outlook To Negative

04/07/2020 - 23:16 PM (RTTNews)
(RTTNews) - S&P Global Ratings revised the outlook on Australia's rating outlook to negati ...Full Story>>

Philippine Trade Deficit Narrows In February

04/07/2020 - 23:13 PM (RTTNews)
(RTTNews) - The Philippine trade deficit declined in February from last year as exports rose and i ...Full Story>>

Japan Feb. Core Machine Orders Climb 2.3%

04/07/2020 - 20:45 PM (RTTNews)
(RTTNews) - Core machine orders in Japan rose a seasonally adjusted 2.3 percent on month in Februa ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.