European commercial vehicle registrations up 3.8 percent in January-November

Tuesday, 25 December 2018 14:20:20 (GMT+3)   |   Istanbul
       

In November this year, new commercial vehicle registrations in the European Union (EU) rose by 2.7 percent year on year to 217,473 units, though at a slower pace than October, according to the European Automobile Manufacturers' Association (ACEA).

In November, among major EU markets The UK saw the biggest uplift (+6.8%), followed by Germany (+6.6%) and France (+3.0%). By contrast, demand contracted in Spain and Italy (down 5.9% and 7.2% respectively) in November.

In the first eleven months of this year, new commercial vehicle registrations in the EU totaled almost 2.3 million units, up 3.8 percent on year-on-year basis.  Registrations contracted in Italy (-2.8%) and the United Kingdom (-1.3%), but the Spanish (+6.5%), German (5.5%) and French (+5.2%) markets all performed well so far this year.


Tags: Europe Economics 

Similar articles

Fitch revises up global GDP growth forecast to 2.4% in 2024

14 Mar | Steel News

Moody's expects 2.5% growth for Turkey’s economy in 2024

04 Mar | Steel News

Moody’s: Tight financial conditions to restrict global economic growth

01 Sep | Steel News

IMF: Global economic recovery to slow down in 2023 and 2024

26 Jul | Steel News

Turkey reverses long-term policy, hikes interest rate to 15 percent

22 Jun | Steel News

Pedro Videla at IREPAS: Emerging economies doing much better in terms of GDP growth

08 May | Steel News

Fitch expects Turkey’s GDP growth to slow to 2.5 percent in 2023

20 Mar | Steel News

Moody’s revises down G20 economies’ growth forecast for 2023

01 Mar | Steel News

Head of IMF: Third of world economy expected to be in recession in 2023

02 Jan | Steel News

Turkey’s economy grows by 3.9 percent in Q3

30 Nov | Steel News