UK car output fell y/y in August, snapping a six-month growth streak

<p>UK car output slipped in
August from a year earlier, snapping a six-month growth streak</p><ul><li>-9.7% y/y in August according to data from the Society of Motor Manufacturers and Traders (SMMT)</li></ul><p>The lower result is attributed to manufacturers pausing production to prepare for a shift
towards next-generation electric vehicles (EV).</p><p>Info via <a href="https://www.reuters.com/business/autos-transportation/uk-car-output-ends-six-month-growth-streak-august-smmt-2023-09-27/" target="_blank" rel="nofollow">Reuters</a>.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.