{"id":7259,"date":"2015-03-19T19:48:26","date_gmt":"2015-03-19T19:48:26","guid":{"rendered":"http:\/\/www.vanrental.co.uk\/vanblog\/?p=7259"},"modified":"2015-03-19T19:48:26","modified_gmt":"2015-03-19T19:48:26","slug":"cv-manufacturing-output-up-33-7-in-february","status":"publish","type":"post","link":"https:\/\/www.vanrental.co.uk\/vanblog\/archives\/7259","title":{"rendered":"CV manufacturing output up 33.7% in February"},"content":{"rendered":"<div id=\"attachment_7260\" style=\"width: 360px\" class=\"wp-caption alignright\"><img aria-describedby=\"caption-attachment-7260\" loading=\"lazy\" class=\"size-full wp-image-7260\" src=\"https:\/\/www.vanrental.co.uk\/vanblog\/wp-content\/uploads\/2015\/03\/smmt-cv-manu-feb-15-sm.jpg\" alt=\"UK van manufacturing\" width=\"350\" height=\"233\" srcset=\"https:\/\/www.vanrental.co.uk\/vanblog\/wp-content\/uploads\/2015\/03\/smmt-cv-manu-feb-15-sm.jpg 350w, https:\/\/www.vanrental.co.uk\/vanblog\/wp-content\/uploads\/2015\/03\/smmt-cv-manu-feb-15-sm-300x200.jpg 300w, https:\/\/www.vanrental.co.uk\/vanblog\/wp-content\/uploads\/2015\/03\/smmt-cv-manu-feb-15-sm-50x33.jpg 50w\" sizes=\"(max-width: 350px) 100vw, 350px\" \/><p id=\"caption-attachment-7260\" class=\"wp-caption-text\">Image courtesy of SMMT<\/p><\/div>\n<p>Output from UK commercial vehicle manufacturers surged 33.7% higher in February, compared to the same period last year, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).<\/p>\n<p>Of particular note was an increase in export demand of 13.4% &#8212; the first <a href=\"https:\/\/www.vanrental.co.uk\/vanblog\/archives\/7142\">for many months<\/a> and a positive sign, given that the UK&#8217;s main export market is\u00a0the recession-bound eurozone.<\/p>\n<p>The figures were pretty strong at home, too, with output rising by 56.1% compared to the same month last year and by 23.8% on a year-to-date basis.<\/p>\n<p>Mike Hawes, the SMMT&#8217;s chief executive, says that the outlook for the year ahead is strong:<\/p>\n<blockquote><p>&#8220;The surge in output from UK commercial vehicle manufacturers in February has put the sector on a strong footing for the year ahead,&#8221; said Mike Hawes, SMMT Chief Executive. &#8220;Demand from the UK\u2019s prospering domestic market is driving growth, buoyed by a strong appetite from overseas buyers, with exports in February up by more than 13% on the same month last year.\u201d<\/p><\/blockquote>\n<p>If you&#8217;d like more details, here&#8217;s a table with full details of February&#8217;s CV manufacturing output:<\/p>\n<table class=\"noborder\" border=\"0\" width=\"580\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td valign=\"top\"><strong>CV manufacturing<\/strong><\/td>\n<td align=\"right\" valign=\"bottom\"><strong>Feb-14<\/strong><\/td>\n<td align=\"right\" valign=\"bottom\"><strong>Feb-15<\/strong><\/td>\n<td align=\"right\" valign=\"bottom\"><strong>% Change<\/strong><\/td>\n<td align=\"right\" valign=\"bottom\"><strong>YTD-14<\/strong><\/td>\n<td align=\"right\" valign=\"bottom\"><strong>YTD-15<\/strong><\/td>\n<td align=\"right\" valign=\"bottom\"><strong>% Change<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"bottom\">Total<\/td>\n<td align=\"right\" valign=\"bottom\">6,239<\/td>\n<td align=\"right\" valign=\"bottom\">8,344<\/td>\n<td align=\"right\" valign=\"bottom\">33.7%<\/td>\n<td align=\"right\" valign=\"bottom\">12,946<\/td>\n<td align=\"right\" valign=\"bottom\">13,787<\/td>\n<td align=\"right\" valign=\"bottom\">6.5%<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"bottom\">Home<\/td>\n<td align=\"right\" valign=\"bottom\">2,967<\/td>\n<td align=\"right\" valign=\"bottom\">4,632<\/td>\n<td align=\"right\" valign=\"bottom\">56.1%<\/td>\n<td align=\"right\" valign=\"bottom\">6,438<\/td>\n<td align=\"right\" valign=\"bottom\">7,973<\/td>\n<td align=\"right\" valign=\"bottom\">23.8%<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"bottom\">Export<\/td>\n<td align=\"right\" valign=\"bottom\">3,272<\/td>\n<td align=\"right\" valign=\"bottom\">3,712<\/td>\n<td align=\"right\" valign=\"bottom\">13.4%<\/td>\n<td align=\"right\" valign=\"bottom\">6,508<\/td>\n<td align=\"right\" valign=\"bottom\">5,814<\/td>\n<td align=\"right\" valign=\"bottom\">-10.7%<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"bottom\">% export<\/td>\n<td align=\"right\" valign=\"bottom\">52.4%<\/td>\n<td align=\"right\" valign=\"bottom\">44.5%<\/td>\n<td align=\"right\" valign=\"bottom\"><\/td>\n<td align=\"right\" valign=\"bottom\">50.3%<\/td>\n<td align=\"right\" valign=\"bottom\">42.2%<\/td>\n<td align=\"right\" valign=\"bottom\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>Data courtesy of SMMT (<a href=\"http:\/\/www.smmt.co.uk\/\" target=\"_blank\" rel=\"nofollow\">www.smmt.co.uk<\/a>)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK commercial vehicle manufacturing output rose by a whopping 33.7% in February, thanks to rising demand at home and in export markets.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[310,1885],"_links":{"self":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/7259"}],"collection":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/comments?post=7259"}],"version-history":[{"count":1,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/7259\/revisions"}],"predecessor-version":[{"id":7261,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/7259\/revisions\/7261"}],"wp:attachment":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media?parent=7259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/categories?post=7259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/tags?post=7259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}