Euro zone economy shrugs off Brexit as key index edges up again

Report shows the euro zone economy remains on a steady growth path

23rd August, 2016
A composite purchasing managers' index for the 19-nation region rose for a second month in August

A composite purchasing managers' index for the 19-nation region rose for a second month to 53.3 from 53.2 in July. That is above the 50 level that divides expansion from contraction and marks the best reading in seven months.

There are “no signs of the recovery being derailed by Brexit uncertainty,” said Chris Williamson, chief economist at Markit in London.

While the PMI will “add to the belief” that the European Central Bank won’t see a...

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