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Apr 2, 2019

Business News | Record stockpiling at factories as fears of a no-deal Brexit rise

Anna Isaac, economics correspondent Tim Wallace 2 April 2019

Factories are stockpiling parts at the fastest rate on record as they are forced to invest in preparations for a potential no-deal Brexit, storing up risks for the economy.
The latest figures from industry show manufacturing activity in March reached its highest level in more than a year and comfortably beat forecasts.
The Purchasing Managers Index (PMI) data was not received as a sign of a new manufacturing boom, however, but as the latest signal of the impact of political chaos on business. It showed the highest rate of stockpiling ever measured for an advanced economy, as managers sought to ensure raw materials are on hand to keep production running in the event of sudden disruption to trade...

Source: The Telegraph

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