Product category:
Manufacturing industry news
News Release from: Barclays
Edited by the Manufacturingtalk Editorial
Team on 08 April 2005
UK manufacturing fall comes as a
surprise
Commenting on the UK's ONS Manufacturing (Index of Production) figures published today, Barclays, said the fall came as a surprise, considering recent growth in output.
Commenting on the ONS Manufacturing (Index of Production) figures published today, Andy Martin, National Director of Manufacturing at Barclays, said: "This month-on-month fall is a surprise given the growth in output over the past four months" "Firms have clearly continued to struggle to pass on the current high raw materials costs to their customers, a situation that many believe to be unsustainable as supply catches up with demand over the cycle"
This article was originally published on Manufacturingtalk on 22 Apr 2005 at 8.00am (UK)
Related stories
GBP 230m to support Dynacast Group acquisition
Barclays and Lloyds TSB have underwritten a GBP 230 million multicurrency term and revolving facilities agreement with Melrose, as regards acquisition of Dynacast and McKechnie Groups.
Bank comments on ONS manufacturing figures
Commenting on the ONS Manufacturing (Index of Production) figures for October 2005, Barclays said the UK manufacturing sector will be very disappointed by these figures.
"However underlying trends still point to steady improvement which is in keeping with our current client sentiment - indeed a number of sub-sectors, such as food, drink and tobacco, are performing consistently well." * About the Barclays Manufacturing Team - Barclays is the leading bank in the UK manufacturing industry, supporting over 1,600 manufacturing customers in its larger business division.
It works across a diverse number of sub-sectors, including: * Aerospace/Defence.
* Automotive.
* Building Products.
* Chemicals.
* Clothing and Textiles.
* Commodities.
* Consumer Products.
* Electrical and Electronics.
* Engineering and Metals.
* Food, Drink and Packaging.
* Medical Products.
* Mining, Energy and Utilities.
* Pharmaceuticals.
* Printing and Paper.
The team's relationship directors act as a gateway to the full spectrum of Barclays services, comprising debt capital market products, leveraged finance, international banking services, investment management, asset finance and sales finance.
Additionally, the team provide access to specialist products, tailored to the sector such as supply chain funding, inventory and trade finance, as well as treasury and energy hedging products.
• Barclays: contact details and other news
• Email this article to a colleague
• Register for the free Manufacturingtalk email newsletter
• Manufacturingtalk Home Page
Search the Pro-Talk network of sites
