Increased car production might end recession as early as this autumn
By Andrew C., 30 Aug, 2010. 0 Comments
There are studies in the United Kingdom showing that it could pull out of the current recession earlier than expected. This is due to a boost in vehicle production last April that has consequently raised overall industrial production by 0.3 percent, the first increase experienced since February last year, although on a year-on-year basis, they are still down by 12.3.
This increase in industrial production was largely due to increased car production. The figure is expected to be pushed further up the scale when the production number of UK carmakers like Honda, Nissan and Toyota are taken into consideration. Industrial production constitutes 18 percent of UK‚ gross domestic product.
[via autocarsc]
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