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PMI manufacturing statistics – Barclays’ comment

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

“Today’s figures shouldn’t be too discouraging despite a slowing in output as manufacturing continues to register growth month after month. Continuing improvement in key export markets has helped boost order books though the flip side of the coin is that with elevated input prices and supply chain costs, the growing prospect of inflationary pressure looms large. With an increasing reliance on exports for growth, what manufacturers need to see sooner rather than later is a Brexit transition deal to avoid the risk of a more cautious and uncertain approach to investment from the sector.”

Notes to editors

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About Barclays

Barclays is a transatlantic consumer and wholesale bank with global reach, 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 .