UK car production rose in March as demand from foreign markets offset the fall at home and easing supply shortages of auto components such as semiconductor chips meant output grew in the first quarter amid the sustained surge in the popularity for battery electric vehicles, data from the Society of Motor Manufacturers and Traders, or SMMT, showed Friday.
Car production rose 6.1 percent year-on-year to 81,605 units in March, driven by a 10.4 percent surge in exports. Output for the home market declined 5.1 percent.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.