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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.

“Fears of a 2017 slowdown don’t yet seem to be feeding through to the manufacturing sector as it continues to report growing levels of investment and employment, as well as healthy order books. Exporters have continued to take advantage of a weak sterling, which has kept British exports competitive on a global stage, and at a time when the world economy is showing signs of improvement. However, rising cost pressures are still circling, not only from elevated import costs but also from the growing effect of domestic costs from sources such as energy and staffing which will all contribute to fuelling inflation. Although manufacturers have resisted passing on these costs to date, the expectation of price rises is becoming more apparent in the sector.”
Notes to editors

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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 .