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PMI manufacturing statistics – Barclays’ comment

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

“With such an underwhelming set of data, the only positive to pull out is that the index still remains in positive territory. The improving performance we‘ve seen in exports over the past two years, boosted by the weakness in sterling, took a worrying hit last month. Political and economic uncertainty is clearly impacting manufacturers investment intentions but one thing that is certain is in order to increase exports and drive growth, what manufacturers need to see sooner rather than later is a Brexit transition deal to avoid the risk of prolonging a more cautious and tentative approach to investment from the sector.”

Notes to editors

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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