Stockpiling hits new record

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BREXIT stockpiling helped fuel a surge in manufacturing output last month as firms sought to avoid being caught short ahead of what was supposed to be Britain’s departure from the EU.
The Markit/CIPS UK manufacturing purchasing managers’ index (PMI) showed a reading of 55.1 last month compared with the 52.1 recorded in February.
It represents a 13-month high and beat expectations from economists, who forecast a reading of 51.2. A figure above 50 indicates growth.

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