The British Association of Motor Vehicle Manufacturers (SMMT) has released November data on the country's automobile production. Accordingly, automobile production in the UK decreased by 28.7 percent in November compared to the same month of the previous year, to 75 thousand 756.
In the statement, it was noted that due to the chip crisis on a global scale, the lowest level in automobile production has been seen in the UK since 1984, based on November. In the statement, it was stated that the number of automobiles produced for export decreased by 30.4 percent on an annual basis to 63 thousand 55 in November, while automobile production for the domestic market decreased by 18.8 percent annually in the same month, to 12 thousand 701.
“These are incredibly worrying figures that underscore the seriousness of the situation facing the automotive industry. Kovid-19 will greatly impact supply chains over the next year, particularly with the chip shortage,” said Mike Hawes, SMMT Chief Executive. According to the statement made yesterday by the British Office of National Statistics (ONS), the country's growth rate, which was previously announced as 1.3 percent for the third quarter of this year, was revised to 1.1 percent. The investments of companies fell by 2.5 percent. The said investments remained approximately 12 percent below the pre-Kovid-19 epidemic level. While the 1.1 percent growth performance of the country's economy in the 3rd quarter of the year is still below the level of the Kovid-19 epidemic, the world's 5th largest It is also noteworthy that the economic recovery of the UK, which is an economy, lags behind other developed economies such as France, Germany, Italy and the USA.
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