UK manufacturers need to plan for post-Brexit trading

According to statistics taken from the latest Purchasing Managers' Index (PMI), the manufacturing sector signals steady growth at 55.1, which is up from 55.0 in February.

Commenting on the data, Mike Thornton, head of manufacturing at RSM, said: ‘Despite uncertainty and pockets of pessimism following the EU referendum, manufacturing production rose for the twentieth successive month in March – highlighting the strength, resilience and enterprising nature of the sector. 

‘In addition, a high percentage of manufacturers are predicting that output will be higher in 12 months’ time – demonstrating a positive outlook despite a slight slowdown on new orders. 

‘With less than a year to go before the UK officially leaves the EU, it’s becoming clear that manufacturers will have to move quickly to adapt to the new arrangements within the transition period. Scenario planning on different outcomes is a good starting point and will help to ensure that when we get the detail, manufacturers can respond effectively with minimal supply chain disruption.’ 

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