British factories have reported a 16th consecutive month of falling exports, with manufacturers warning obstacles to trade since leaving the EU are undermining business relationships with firms on the continent, according to the S&P Global/CIPS purchasing managers index (PMI).
Exporters blamed factors including a loss of orders to the US and mainland Europe, and an increasing number of EU clients switching to more local sourcing to avoid the customs barriers, paperwork and delays involved in exporting goods from the UK.