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Today's PMI Manufacturing stats - Barclays' comment

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

“The UK economy as a whole may have made a sluggish start to the year but following a solid first quarter, manufacturing continues to grow with healthy order books and encouraging levels of new investment and employment. Despite some easing, inflationary pressures will continue to take their toll on factory gate prices and ultimately manufacturers’ margins, however, the weakness in sterling and an improving global outlook continue to provide export opportunities for the sector. What we don’t want to see now is the prospect of fractious Brexit negotiations fostering a more cautious and uncertain approach to investment from the sector.”
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 120,000 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 .