Factories rush to stockpile for Brexit

Factories rush to stockpile for Brexit

1st April 20190Byadmin

UK factories stockpiled goods for Brexit at an unexpectedly high rate last month, boosting manufacturing growth to a 13-month high, according to a closely watched survey.

The research, by IHS Markit/CIPS, found that the rate of increase in stocks hit a survey record high for the third month in a row.

The Purchasing Managers’ Index (PMI) for the manufacturing sector rose to 55.1 in March, from 52.1 in February.

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