PMI manufacturing statistics – Barclays comment

01 Oct 2012 09:46 GMT

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

“UK manufacturing remains fragile with falling output and rising costs restricting the chances of an imminent recovery. Whilst the mood had lifted following last months’ rebound, the main drag on the economy continues to be eurozone uncertainty and its on-going impact on UK exports, which will hurt momentum.”


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.

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.