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Stockpiling Frenzy Drives UK Factories Ahead Of Brexit: PMI

Published on Apr 2 2019 10:50 AM in Supply Chain tagged: Trending Posts / UK / Brexit / Factories / IHS Markit / stockpiling

Stockpiling Frenzy Drives UK Factories Ahead Of Brexit: PMI

Factories in Britain stockpiled for Brexit at an explosive rate last month, unlike anything seen before in a major rich economy, pushing manufacturing growth to an unexpected 13-month high, a survey has shown.

The IHS Markit/CIPS UK Manufacturing Purchasing Managers' Index (PMI) rose to 55.1 from 52.1 in February, confounding all forecasts in a Reuters poll that had pointed to a reading of 51.0.

The headline figure far exceeded readings from the euro zone, where a global slowdown has left factories in a slump.

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