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Scoop.it!
UK manufacturing contracted in May for the first time since July 2016, an influential survey indicates. 
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Scoop.it!
The rate of stockpiling hit a record high for the third month in a row, says a closely watched survey.
Graham Watson's insight:
The latest PMI data for the manufacturing sector has seen a significant increase to 55.1 in March, from 52.1 in February.
However, before you think that is grounds for celebration, look at the underlying reasons that have driven this: most analysts are arguing that it has been a significant increase in Brexit uncertainty that has prompted firms to act in this way, something confirmed by the IHS Markit/CIPS data, which picks up a substantial rise in the amount of stockpiling going on.
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The health, or otherwise, of the UK economy is again called into question, with the latest PMI data suggesting that last month's figure was a blip reflecting pre-Brexit stockpiling and not the more general economic health of the country.