Automotive sector in Wales second in importance in UK
The latest report from the ONS Annual Business Survey states that the automotive sector in Wales is the most important in the UK outside of the Midlands.
Amazingly component suppliers in Wales contribute more to the UK economy than those component suppliers surrounding vehicle assembly plants in the North East and North West.
The automotive industry in Wales is increasingly important to the economy especially as the UK automotive output continues to grow with car sales now close to their 2008 peak.
