UK engine manufacturing begins 2015 with growth

The SMMT (Society for Motor Manufacturers and Traders) reports positive growth in the first month of 2015.

According to Mike Hawes, SMMT chief executive, this was driven by the home market. "Manufacturers have invested over £1 billion to UK engine production in recent years, which is expected to yield an increase in output."

There was a 0.2% increase in manufacturing in the period of January 2014 to January 2015, with an 11.2% increase in the home market and a drop of 5.6% in the export market.