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UK factory PMI shows fastest growth since 2017 on no-deal stockpiling

British factories recorded their fastest growth in almost three years last month as they stockpiled raw materials and rushed to complete work before new post-Brexit customs rules come into force on Jan. 1, a survey showed on Tuesday.

UK factory PMI shows fastest growth since 2017 on no-deal stockpiling
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  • Shared by Reuters
  • December 02, 2020
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The IHS Markit/CIPS Purchasing Managers’ Index rose to 55.6 in November from 53.7 in October, its highest since December 2017 and above an earlier flash reading of 55.2, bucking a gloomier picture from other sectors hit harder by COVID.

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