Output fell 19.7% in 2014, but the SMMT believes the month of growth heralds a bright future.
Growing demand at home helped to drive December growth, despite deflated export market.
‘The growth of commercial vehicle manufacturing output in December represents a turning point in the sector’s fortunes,’ commented Mike Hawes, SMMT chief executive.
‘A ramping up of new model production, as well as a thriving home market, is expected to yield a stronger 2015, while the effects of restructuring in 2013 will no longer be felt.’
|
CV manufacturing |
Dec-13 |
Dec-14 |
% Change |
YTD-13 |
YTD-14 |
% Change |
|
Total |
5,163 |
5,815 |
12.6% |
88,110 |
70,731 |
-19.7% |
|
Home |
1,041 |
2,891 |
177.7% |
40,200 |
35,909 |
-10.7% |
|
Export |
4,122 |
2,924 |
-29.1% |
47,910 |
34,822 |
-27.3% |
|
% export |
79.8% | 50.3% |
|
54.4% | 49.2% |
|
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