PMI manufacturing statistics – Barclays Corporate comment
01 Feb 2012 09:46 GMT
If you are writing on February's PMI manufacturing figures, please consider the following comment from Mark Lee, Head of Manufacturing, Barclays Corporate:
“Today’s PMI figures are a shot in the arm for manufacturing, a sector that appears to be increasingly looking outside of the Eurozone for export growth, with orders increasing in markets as diverse as Brazil and the Middle East. Those UK manufacturers that have a more global client base also remain a major target for international acquirers, and we have seen a significant increase in the number of acquisitions of UK companies by offshore interest, but only when these companies can display international revenue streams. There is little interest in buying into the UK domestic market at present.”
About Barclays Corporate
With a clear focus on quality relationships, Barclays Corporate provides integrated banking solutions to businesses with an annual turnover of more than £5 million in the UK and large local companies, financial institutions and multinationals in non-UK markets. We facilitate the success and growth of our clients by providing lending, risk management, cash and liquidity management, trade finance and asset and sales financing. Additionally, our clients benefit from the breadth of the Barclays Group, through access to the investment banking services of Barclays Capital including debt and equity capital markets, the private wealth management expertise of Barclays Wealth, and the card and payment services of Barclaycard. Barclays Corporate employs over 10,000 people globally. For more information please visit www.barclayscorporate.com.
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