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Economic Buzz: UK Car Production Up For Sixth Month In Row
(28-Mar-2024, 16:55 Hours IST)
Car production in the United Kingdom rose for the sixth successive month in February amid strong demand in the domestic market, data from the Society of Motor Manufacturers and Traders, or SMMT, showed on Thursday. Total car production climbed 14.6 percent year-over-year, which was the best February performance since 2021. There were 79,997 units produced in February. Demand from the domestic market jumped by 58.0 percent to 20,658 units in February, and that from the foreign market grew by 4.6 percent.

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