Monday August 3, 2020

German economy appears unfazed by Britain’s EU Referendum

Investments have not been rattled by the referendum

23rd June, 2016

Germany’s economy is showing little sign that Britain’s referendum on European Union membership is damping investment, according to Markit Economics.

A Purchasing Managers’ Index for manufacturing and services was at 54.1 in June after a reading of 54.5 in May, the London- based company said.

While that’s the lowest in two months, it’s well above the 50 mark that divides expansion from contraction. Economists had forecast a reading of 54.3.

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