Allianz

Trade
Contact us
Search

November 2018 PMI Manufacturing Media Comment

 

London - 3rd December, 2018

Shannon Murphy, assistant head of risk underwriting and manufacturing expert at Euler Hermes, the world’s leading trade credit insurer, said: 

"Most manufacturers we speak to hope the deal Theresa May has negotiated with Brussels passes through Parliament. The ongoing uncertainty has already impacted sales and many have postponed investment decisions until they have a clearer picture.

"The automotive sector, long seen as the jewel in the crown of UK industry, stands to lose the most if a deal fails to materialise and WTO tariffs are imposed. Concerns will have been exacerbated by the latest SMMT figures, which show a near 10 per cent dip in UK car production year-on-year.

"Overall, a slowdown in orders across the European market, Brexit and the ongoing feud between the US and China have combined to create a portfolio of problems for British manufacturers. Businesses have largely been resilient, but some stability will be welcomed after a challenging year." 

Media Contacts: 

Euler Hermes Media Relations
Adrian Russell
+44 (0)20 7860 2728
[email protected]

Citypress
David Bertram
+44 (0)161 235 0300
[email protected] 

 
 
November 2018 PMI Manufacturing Media Comment 216 KB
People discussing on a coach

Our expertise and commitment

Allianz Trade is the global leader in trade credit insurance and credit management, offering tailored solutions to mitigate the risks associated with bad debt, thereby ensuring the financial stability of businesses. Our products and services help companies with risk management, cash flow management, accounts receivables protection, Surety bonds, Business Fraud Insurance,  debt collection processes and  e-commerce credit insurance ensuring the financial resilience for our client’s businesses. Our expertise in risk mitigation and finance positions us as trusted advisors, enabling businesses aspiring for global success to expand into international markets with confidence.

Our business is built on supporting relationships between people and organisations, relationships that extend across frontiers of all kinds - geographical, financial, industrial, and more. We’re constantly aware that our work has an impact on the communities we serve and that we have a duty to help and support others. At Allianz Trade, we’re strongly committed to fairness for all without discrimination, among our own people and in our many relationships with those outside our business.