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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.