PMI manufacturing statistics – Barclays comment

01 Jun 2012 10:50 GMT

Mark Lee, Head of Manufacturing at Barclays comments on today's PMI manufacturing figures.

“Today’s larger than expected fall in the figures is reflective of the significant headwinds facing UK manufacturers from the first quarter contraction in UK economic growth, along with continued pressure on export demand from the eurozone. Until clarity and confidence prevails, we expect UK manufacturing growth to remain flat at best in the coming months.”


About Barclays

Barclays is a major global financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth and investment management with an extensive international 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 140,000 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.