Today's PMI Manufacturing stats - Barclays' comment

Helena Sans, Head of Manufacturing at Barclays, comments on today's PMI manufacturing figures.

“As manufacturers have proved time after time, they are a resilient bunch but the ongoing uncertainty around Brexit continues to thwart their investment intentions. Rises in new domestic and export orders have given way to further increases in stockpiling as the sector prepares for a potentially unfavourable Brexit outcome. With weak growth in household income, lacklustre global economic growth and that reluctance amongst manufacturers to make much-needed investment decisions, the impact on growth for the sector is inevitable with lower output looking increasingly likely as we move further into 2019.”

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