British factories have their best month since 2013 as manufacturing surges
Factories have been boosted by the falling pound and strong domestic demand
BRITAIN'S factories are growing are at their quickest pace for four years, it emerged today.
The fall in the value of the pound after Brexit has provided a massive boost for exporters by making British goods cheaper to buy abroad.
New figures today showed strong growth in the UK's manufacturing sector.
The purchasing managers' index (PMI) for November came in at 58.2 - the highest rating since August 2013.
Experts said the soaring figures were thanks to strong domestic demand as well as a rise in exports.
New orders have been pouring in from Asia and the Middle East as well as our traditional trading partners in Europe and the Middle East.
Rob Dobson of IHS Market, which compiles the PMI, said the manufacturing sector had "shifted up a gear".
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Factories now have a backlog in work and are seeking to hire large numbers of new employees.
The ongoing success in British manufacturing contradicts doom-mongering warnings after the Brexit vote.
Half of firms expect factory activity to rise further in the next year, the PMI survey found.