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PMI manufacturing statistics – Barclays’ comment

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

“With UK manufacturers accelerating their preparations for a potentially unfavourable Brexit, it was always going to be tough to pull out any positive from today’s figures. Stockpiling seems to have become order of the day and will no doubt continue over the coming months as uncertainty continues to bite down hard on the sector. When those stocks run down and given the ongoing reluctance amongst manufacturers to make much-needed investment decisions, the impact on growth in output is inevitable and looking increasingly under pressure for the first quarter of 2019.”
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 82,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

For further information about Barclays, please visit our website