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UK engine manufacturing surpasses 2 million units in Q3
UK engine manufacturing has surpassed 2 million units in quarter 3 of this year – the first time since records began.
Engine production rose 3.9% in September with more than 248,463 units made for home and export markets. Domestic demand was up 11.1% compared with September last year, but exports make up 51.3% share of output.
The figure of 2 million new British engines manufactured (year-to-date) is an increase of 5% on 2016.
Mike Hawes, SMMT Chief Executive said: “UK engine manufacturing has repeatedly demonstrated the benefits of long-term investment into R&D and plants. It’s pleasing to see production exceed the 2 million mark already but future success depends on strong demand at home and abroad. The European market, which is the destination for the majority of our engines, continues to grow so it’s important we maintain free and frictionless access.”