Brexit blamed for manufacturing slump

London, UK: Britain’s manufacturing sector shrank last month for the first time in almost three years as new orders fell and stockpiling eased, according to the latest IHS Markit purchasing managers’ index.

The index fell to 49.4 in May, falling below the 50 line that separates expansion from contraction – the first time the industry has shrunk since July 2016.

The Chartered Institute of Procurement & Supply warned that the UK manufacturing sector could “remain in contraction territory” due to a slowdown in the global economy and trade wars.

The stockpiling part of the index dropped to 49.3 in May, down from an all-time high of 66 two months earlier. New orders from both domestic and overseas clients fell. Stockpiling had helped bolster the UK economic expansion at the start of the year as companies built up their stock in case the UK left the EU without a deal.

The IHS report said “manufacturers reported increased difficulties in convincing clients to commit to new contracts during May”.

WORLD NEWS

New IRTA cold carrier standard

Arlington, Virginia, USA: The International Refrigerated Transportation Association has a new Cold Carrier Certification, the first of its kind focused on excellence in refrigerated transportation. …

READ THE FULL STORY >

Tote Maritime adds 220 NaturaLine boxes

Singapore: Tote Maritime Puerto Rico has added 220 reefer containers chilled by Carrier Transicold’s NaturaLIine. Tote is the first shipping line to place a sizable …

READ THE FULL STORY >

Fernando León Rodríguez is Global NextGen Award winner

Arlington, Virginia, USA:Fernando León Rodríguez, subdirecto, Bajo Cero Frigoríficos, has received the Global Cold Chain Alliance’s Global NextGen Award. The award recognises outstanding young professionals …

READ THE FULL STORY >

Chereau wins award for first hydrogen refrigerated trailer

Avranches, France: Chereau has received the Green Truck Solutions award for the first hydrogen refrigerated trailer (Road project). Every year, German magazines VerkehrsRundschau and Trucker, …

READ THE FULL STORY >

WHAT’S ON

  • Showtime in Peterborough
    The TCS&D Show takes place this month: 25-26 June 2019 at the East of England Arena, Peterbough

Latest Tweets

Full report of the "Top 25 Temperature-Controlled Logistics Providers 2019" includes fleet size, storage capacity and overview of own-account operators. How to get a copy here: bit.ly/2K9OGkg

© 2019 Global Cold Chain News | Terms of use | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 6 Corunna Court, Corunna Road, Warwick CV34 5HQ