UK data - UK car output fell for the tenth month in a row in March

The UK's Society of Motor Manufacturers and Traders report that output in March is

• down 14.4% y/y

Exports down by 13.4%.

More (via Reuters) ):

• SMMT expect output to fall this year to 1.36 million units from 1.52 million in 2018, assuming a transition Brexit deal with the EU
• But, if have to rely on World Trade Organization rules for its trade with the EU (these include import tariff), output is forecast to fall by around 30 percent to 1.07 million units in 2021, returning to mid-1980s levels

SMMT chief executive Mike Hawes

• "Just a few years ago, industry was on track to produce 2 million cars by 2020 - a target now impossible with Britain's reputation as stable and attractive business environment undermined"

Well, yeah.