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SMMT reports manufacturing stable in 2018

SMMT reports manufacturing stable in 2018

The Society of Motor Manufacturers and Traders (SMMT) has reported that UK engine manufacturing was stable during 2018.

It reported a fall of just 0.3%, with exports taking up to two thirds of output.

Mike Hawes, SMMT chief executive, said, 'These impressive export figures show the strong appetite worldwide for the high-tech, low-emission engines built in British plants, and underline the exports-led nature of the industry. However, with fewer than 60 days to go until the Brexit deadline and ongoing uncertainty over the chances of agreeing a withdrawal deal, the future of this trade hangs in the balance.

'We urge all parties to come together and do whatever it takes to reach consensus and prevent a 'no deal' scenario.'

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