First Flashes of Brexit Trade Trouble Appear in UK Data



Andy Bruce | U.S. News & World Report

LONDON (Reuters) – Early signs of disruption caused by Britain’s shift to its new, less open trading relationship with the European Union are emerging in economic data.

Although the biggest problem for many companies remains the COVID-19 pandemic, details of recent surveys show that Brexit is adding to the strain on the economy.

Manufacturers and services firms have been hit hard by supply chain and export disruption, according to data company IHS Markit.

British factories reported the steepest increase in supplier delivery times among the six “flash” preliminary Purchasing Managers’ Index (PMI) surveys published by IHS Markit last week for France, Germany, Japan, Australia and the United States as well as the United Kingdom.

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