Economics

Brexit Slows Down Factory Deliveries, Hitting U.K. Economy

IHS Markit’s gauge of output tumbles to lowest since May
Manufacturing delivery times rise most in 30 years on EU exit

WATCH: 5% of trucks are being held up at EU border because they lack documentation or a negative Covid test.(Source: Bloomberg)

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By David Goodman

January 22, 2021 at 7:05 AM UTC

Updated on

January 22, 2021 at 10:53 AM UTC

This article is for subscribers only.

Brexit drove the second-biggest jump in U.K. delivery times in at least 30 years this month, adding to Britain’s economic woes as Covid shut down services.

IHS Markit said Friday that U.K. output fell at the quickest rate since May, hurt by additional red tape from leaving the European Union single market and a severe lockdown at home. That followed data showing consumer confidence falling and retail sales weaker than expected.