Economics
Brexit Supply Chain Friction Persists in Blow to Manufacturing
- More than half of firms reporting lower exports blame Brexit
- U.K. composite PMI remains below key level this month
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Supply chain disruptions pushed U.K. manufacturing output to its weakest level in nine months as friction moving goods across the border after Brexit persisted.
IHS Markit said more than half of all companies reporting lower exports in February blamed the decline on Britain’s departure from the European Union. That came as the rest of the economy showed signs of stabilizing after a rapid slump caused by the third national lockdown starting in January.