UK commercial vehicle (CV) manufacturing rose 12.6% in December, the first month of growth since July 2013.
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Output fell 19.7% in 2014, but a month of growth heralds brighter future
Growing demand at home helped to drive December growth, despite deflated export markets.
“The growth of commercial vehicle manufacturing output in December represents a turning point in the sector’s fortunes,” said Mike Hawes, SMMT Chief Executive.
“A ramping up of new model production, as well as a thriving home market, is expected to yield a stronger 2015, while the effects of restructuring in 2013 will no longer be felt.”
