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PMI Manufacturing stats - Barclays' comment

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

“As welcome as any uptick in manufacturing output growth is, today’s figures do reveal a slowdown in new business and inflationary pressure beginning to raise its head again. Such data, along with other current performance indicators, will give the Bank of England more food for thought as it ponders the timing of its next base rate move.

What manufacturers could really do with now is some degree of clarity over the future relationship with the EU as the continuing uncertainty over Brexit negotiations can’t be helping them with their investment intentions. For now, the sector needs to remain flexible in its planning as it negotiates the uncertain market conditions.”

Notes to editors

For further information about Barclays Corporate Banking, please visit our website www.barclayscorporate.com

About Barclays

Barclays is a transatlantic consumer and wholesale 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 80,000 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 .