Factory output jumps as stockpiling increases amid Brexit fears
by Richard Partington Economics correspondent from Economics | The Guardian on (#4647C)
UK buildup of finished goods rises in December at second-fastest rate since 1992
Britain's manufacturers ramped up their stockpiling efforts last month in preparation for a potential no-deal Brexit in less than 90 days' time, with factory output rising to the highest level in six months.
According to the latest snapshot survey from IHS Markit and the Chartered Institute of Procurement and Supply, growing concerns about Brexit disruption from border hold-ups after 29 March led more businesses to build up stocks in December.
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