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PMI manufacturing statistics – Barclays’ comment

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

“Production in the sector may be lagging compared to the closing months of last year but UK manufacturing output remains in positive territory with demand still strong. That said, although the sector remains positive, the continuing uncertainty over Brexit negotiations can’t be helping the investment intentions of manufacturers who are looking for some degree of clarity over the future relationship with the EU sooner rather than later. Manufacturers will also need to remain flexible in their planning as they negotiate the uncertain market conditions in 2018.

With current Barclays data highlighting the premia that international consumers are prepared to pay for British goods, and given the continuing improvement in key overseas markets, manufacturing businesses should be increasingly focusing on differentiating their products on quality and service.”
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 .