Technical Analysis

Uk data – car production +7.4% y/y in October

Society of Motor Manufacturers and Traders (SMMT) data for October 2022

  • car production rose 7.4% in October from a year earlier
  • 69,524 cars made in October, up from last year, but still 48.4% lower than 2019 levels

SMMT said UK car manufacturers were still affected by global chip shortages and supply chain issues.

SMMT said about 81% of output was exported.

Info via Reuters

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