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PMI manufacturing statistics – Barclays’ comment

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

 

“The foot unexpectedly came off the accelerator last month suggesting that manufacturers’ attention was in part drawn to grappling with the uncertainty from both the general election and the start of Brexit negotiations.  Encouragingly, production levels are still in positive territory but growth slowed to its lowest rate for three months and most disappointingly, given the weakness in sterling, was the slowdown in new export business.  However, manufacturers have traded through challenging conditions many times before and in spite of this weaker performance, it is still the eleventh consecutive month of increasing output.” 

 

 

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 .