UK factories report worst month in six years amid Brexit fears

Manufacturing sector scales back orders after stockpiling and slowdown in Europe

UK manufacturers have recorded the sharpest drop in factory output for more than six years amid mounting concerns over Brexit, as growth in consumer borrowing eased to the lowest level in more than five years.

The monthly snapshot from IHS Markit and the Chartered Institute of Procurement and Supply showed that activity levels in the UK manufacturing sector dropped to the lowest level since February 2013 in June, as firms scaled back their orders due to existing high stock levels.