LONDON (Reuters) - British automotive output dropped by an annual 4% in October, the 16th month out of the last 17 to record a fall, as demand from both domestic and overseas buyers decreased, according to a trade body. Production stood at 134,752 cars last month, hit by a nearly 11% drop in demand from Britons and a 2.6% drop in export demand, which accounts for roughly 80% of output, statistics from the Society of Motor Manufacturers and Traders (SMMT) showed. The global automotive industry has had a torrid year, hit by declining sales in China, trade war worries between the world's two biggest economies, a slump in diesel sales in Europe and the need to invest heavily in electrification.
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