Beyond Currency

29 April 2022 - New car registrations fall by almost 15%


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One sector of the economy that has been particularly hard hit is vehicle production.
Although the days of huge plants supplying the country with all the vehicles it needed are long gone, it is nevertheless still an important sector.
The decimation of the UK vehicle industry tells the story of the rise of manufacturing capability in the far east and the inability of the developed world to compete.
While this is not limited to the UK, other countries like France and Italy do still have significant vehicle sectors, although they have seen the benefit of partnering up.
The global shortage of semiconductors has hit the spare parts manufacturers particularly hard, but car sales in the country, which includes imports as well as vehicles manufactured in the UK, fell by 14.3% to its lowest level since 1998.
Beyond Currency Market Commentary:
Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
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