UK factories stockpiled goods for Brexit at an unexpectedly high rate last month, boosting manufacturing growth to a 13-month high, according to a closely watched survey.
The research, by IHS Markit/CIPS, found that the rate of increase in stocks hit a survey record high for the third month in a row.
The Purchasing Managers’ Index (PMI) for the manufacturing sector rose to 55.1 in March, from 52.1 in February.
A figure above 50 indicates expansion.
The PMI has remained above that benchmark for 32 months in a row.
However, Rob Dobson, director at IHS Markit, warned that the boost to the UK economy could prove short-lived.
He said: “Manufacturers are already reporting concerns that future trends could be constrained as inventory positions across the economy are unwound.
“The survey is