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PMI manufacturing statistics – Barclays’ comment

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

“Month after month, manufacturing continues to hold its own delivering growth levels that keep the sector in positive territory. Although demand from both home and overseas markets remains robust, manufacturers will have half an eye on what the MPC decides to do tomorrow and the potential impact an interest rate rise would have on sterling. They will also be looking ahead to the Autumn Statement and what that may bring by way of a boost for the sector and I suspect many will be looking for R&D tax credits to feature and encourage a much needed increase in investment.”

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 85,000 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 .