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April 2019 Manufacturing PMI Media Comment

 

1st May 2019 - Commenting on April’s UK manufacturing PMI figures, Shannon Murphy, assistant head of risk underwriting and manufacturing exports at Euler Hermes, the world’s leading trade credit insurer, said: 

 

"UK manufacturers are being forced to walk a tightrope of fine margins and large stock reserves as they attempt to second-guess what’s coming next.

 

"Managing credit risk will prove key as businesses face increased financial pressure with their investment capital tied up in imports. The slowdown across the Eurozone and key Asian export markets is also having a negative impact, with France, Germany and China continuing to post weak output figures.

 

"Car makers will feel the uncertainty the most. March’s weak production figures combined with diesel regulations, Brexit, stalling electric vehicle sales and the threat of US tariffs provide the industry with a perfect storm of challenges."

 

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]

 

 
 
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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.

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