PMI manufacturing statistics - Barclays' comment

Lee Collinson, Head of Manufacturing at Barclays, said:

“The easing of lockdown restrictions and the effects of the vaccine rollout programme have clearly put a spring in the step of manufacturers with growing momentum in new business, particularly from the home market.  Rising output for the eleventh month running and manufacturer confidence at a seven year high bode well for the year ahead but supply chain issues continue to hamper the rate of progress and with demand outstripping supply, inflationary pressures look menacingly like the fly in the ointment to come.”