Originally posted by Old Greg
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Reply to: Look what Brexit has done now III
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Previously on "Look what Brexit has done now III"
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PMI raced to 55. Good indicator that a hard Brexit is now really expected.
Almost feel sorry for you muppets left in Corbyn land.
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Originally posted by meridian View PostEh?
It literally says it’s because of Brexit stockpiling.
It’s a useless story on it’s own though. Increase in manufacturing has to go somewhere, so it’s either stockpiling, exports, or domestic sales. The measure should really be shown next to sales measures to provide a better indication of whether stockpiling is making a big difference.
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Look what Brexit has done now III
Originally posted by DimPrawn View PostFactories rush to stockpile for Brexit - BBC News
I guess we could say we are still in the EU, that's why everything is booming, despite Brexit stockpiling. Damn you Brexit!
It literally says it’s because of Brexit stockpiling.
It’s a useless story on it’s own though. Increase in manufacturing has to go somewhere, so it’s either stockpiling, exports, or domestic sales. The measure should really be shown next to sales measures to provide a better indication of whether stockpiling is making a big difference.Last edited by meridian; 1 April 2019, 21:13.
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Look what Brexit has done now III
Factories rush to stockpile for Brexit - BBC News
UK factories stockpiled goods for Brexit at an unexpectedly high rate last month, boosting manufacturing growth to a 13-month high, according to a closely watched survey.
The research, by IHS Markit/CIPS, found that the rate of increase in stocks hit a survey record high for the third month in a row.
The Purchasing Managers' Index (PMI) for the manufacturing sector rose to 55.1 in March, from 52.1 in February.
A figure above 50 indicates expansion.
The PMI has remained above that benchmark for 32 months in a row.Tags: None
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