Transport Output: Car Manufacturing

transport output: Simon Thorp thesimonthorp This morning's GDP and manufacturing data out of the UK shows the impact of prolonged Brexit uncertainty, according to The Independent. GDP had the biggest monthly drop since 2016, while manufacturing output saw the largest decline since 2002. Car manufacturing slumped by 24%, while transport output suffered its biggest monthly fall since 1974. June 10, 2019Rob Kent-Smith of the Office for National Statistics blamed car shutdowns and the unwinding of some Brexit stockpiling GDP growth showed some weakening across the latest 3 months, with the economy shrinking in the month of April mainly due to a dramatic fall in car production, with uncertainty ahead of the UK's original EU departure date leading to planned shutdowns. The construction sector also had a bad month, down 0.4%, while service sector was flat.UK GDP by sector Economists fear that the UK economy will continue to struggle. There was also widespread weakness across manufacturing in April, as the boost from the early completion of orders ahead of the UK's original EU departure date has faded. (news.financializer.com). As reported in the news.