Overhead costs for manufacturers rose at the fastest pace in over four years in January, as higher commodity prices, currency moves and price rises at UK suppliers hit the sector.

Sector posts sixth month of expanding output despite record rise in costs, which are expected to increase further over 2017

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Input costs rose at the fastest pace since the survey began in 1992 due to sterling's 12 per cent trade-weighted slump since last June's Brexit referendum

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U.K. factories saw costs rise at a record pace at the start of 2017, pointing to increasing upward pressure on inflation that could weigh on the economy this year.