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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.

“Manufacturers finished the year strongly reporting increased output and growing order books in December which should put them on a good-footing for 2017. That said, as resilient as the sector has proved to be over the years, weaker sterling is making imports more expensive, feeding inflationary pressures which will inevitably impact domestic output. To keep the momentum going, what we need to see now is manufacturers realising more of the investment decisions that were put on hold in 2016.”
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 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 .