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Car production drops in July

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Figures from the Society of Motor Manufacturers and Traders (SMMT) show a 10% production decline at British car plants in July. In the year to date factories have produced 180,000 fewer cars, at 955,000, meaning that Britain’s car factories workers are producing 26,000 fewer cars a month. “It’s a very gloomy time in the UK car industry,” said David Bailey, a professor of business economics at the University of Birmingham. “It’s clearly a negative performance in export markets, which is a big worry because we expected the devaluation of sterling to boost exports.”

 

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