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PMI Manufacturing stats - Barclays' comment

Helena Sans, Head of Manufacturing at Barclays, comments on today's PMI manufacturing figures.

“A disappointing result for the manufacturing sector in July with PMI at a three-month low, although still firmly in positive territory. Of more concern is the weakest business confidence score for 21 months, indicating that the industry is desperate for a degree of clarity and progress on the Brexit negotiations and a better understanding of what the final outcome will mean for manufacturers.

It looks like a tale of two markets at the moment, with export growth accelerating but domestic demand struggling to keep pace. Aside from the encouraging news for exporters, the only other real bright spot was more job growth, with two full years of consecutive monthly employment increases no mean feat.”
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 .