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PMI manufacturing statistics – Barclays’ comment

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

“Manufacturing continues to register encouraging levels of growth across all measures. However, the benefits of a weak sterling and an improving global economy, as well as the continuing support from domestic demand, won’t necessarily have the desired effect unless the sector invests more to improve efficiency and beef up capacity. With Brexit negotiations now a reality, uncertainty around what any deal will look like will continue to hinder investment intentions but manufacturers have proved time after time that they are good at getting on with business.”

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 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 .