UK’s recent growth could be built on sand

UK’s recent growth could be built on sand   Despite concerns over the impact of Brexit uncertainty, UK economic growth picked up markedly over the first quarter of the year. The UK manufacturing sector appears to be buoyant again, although the headline figures are not quite what they seem.

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Huge stockpiling appears to have taken place in the run-up to the March Brexit deadline. While this has boosted Q1 output, growth is highly likely to slow in coming months as excess inventories are wound down. Therefore, it may be premature to celebrate the likely improvement in recent stock market valuations.  

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–Daren