PMI manufacturing statistics – Barclays’ comment
Helena Sans, Head of Manufacturing at Barclays, comments on today's PMI manufacturing figures.
“With such an underwhelming set of data, the only positive to pull out is that the index still remains in positive territory. The improving performance we‘ve seen in exports over the past two years, boosted by the weakness in sterling, took a worrying hit last month. Political and economic uncertainty is clearly impacting manufacturers investment intentions but one thing that is certain is in order to increase exports and drive growth, what manufacturers need to see sooner rather than later is a Brexit transition deal to avoid the risk of prolonging a more cautious and tentative approach to investment from the sector.”
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