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PMI manufacturing statistics – Barclays’ comment

Mike Rigby, Head of Manufacturing at Barclays, comments on today's PMI manufacturing figures.

“Although down on last month, today’s figures are still encouraging and chime with the talk from the factory floor where manufacturers continue to fulfil healthy order books. Exporters continue to take advantage of a weak sterling but it is increasingly looking like a case of having to take the rough with the smooth as businesses start to pass on higher import costs, which could accelerate inflationary pressures as we enter 2017.”
Notes to editors

For further information about Barclays Corporate Banking, please visit our website www.barclayscorporate.com

About Barclays

Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US.

With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 130,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

For further information about Barclays, please visit our website www.home.barclays .