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07 Sep
14:00

UK carmaking grows again in July, challenges remain

UK car manufacturing output rose 8.6% on-year in July to 58,043 units, representing the third consecutive month of growth, according to the Society of Motor Manufacturers and Traders (SMMT). However, this was from a very low base as July 2021 was the worst July since 1956. The growth is a sign that component shortages may finally be beginning to ease. Output, however, still remains 46.4% below pre-pandemic levels, illustrating that a full recovery is some way off,…
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