ONS Index of Production statistics – Barclays comment

11 Jan 2013 09:46 GMT

Mike Rigby, Head of Manufacturing at Barclays comments on today's ONS Index of Production figures.

“These figures underline what was a challenging second half for UK manufacturing last year. With austerity and inflation going nowhere, the outlook for manufacturers is subdued. However there may be some respite with encouraging economic signs from abroad, particularly if recent reports that the eurozone woes may be bottoming out are correct.”

About Barclays

Barclays is an international financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth management with an extensive presence in Europe, the Americas, Africa and Asia. Barclays’ purpose is to help people achieve their ambitions – in the right way.

With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 135,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

For further information about Barclays, please visit our website www.barclays.com.