Manufacturing output falls to 15-month low amid Brexit fears
UK manufacturing output has fallen to a 15-month low as the industry anticipates a cliff-edge Brexit, according to a new report.
Stockpiling by companies ahead of the UK leaving the EU is likely to have masked an even greater decline, said business advisers BDO.
BDO’s Manufacturing Index, which tracks business output growth in the sector, fell by 0.23 points to 98.37 in January.
Although manufacturing firms have been ramping up their preparations in anticipation of a disorderly Brexit, January’s decline points to an under... For the full story register now for free or login below...