PMI manufacturing statistics – Barclays’ comment
Helena Sans, Head of Manufacturing at Barclays, comments on today's PMI manufacturing figures.
“With UK manufacturers accelerating their preparations for a potentially unfavourable Brexit, it was always going to be tough to pull out any positive from today’s figures. Stockpiling seems to have become order of the day and will no doubt continue over the coming months as uncertainty continues to bite down hard on the sector. When those stocks run down and given the ongoing reluctance amongst manufacturers to make much-needed investment decisions, the impact on growth in output is inevitable and looking increasingly under pressure for the first quarter of 2019.”
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