#brexit #brexitnews UK PMI data ‘confirms’ Brexit stockpiling

Published on 1 February 2019

The CIPS purchasing managers index (PMI) data for January confirms that manufacturers are stockpiling raw materials at a record rate. That’s according to the IHS/CIPS survey for January which says that had it not been for the stockpiling, the number would have been lower and that it is possible that the sector may enter recession at some point. IGTV’s Jeremy Naylor looks at the response to the sterling trade.