One Month After Brexit, Eurozone Economy Seems Largely Unaffected

The first data released following the UK decision to leave the European Union (the referendum was on June 23rd) signaled that the impact on Eurozone economy could be limited. Indeed, the major Eurozone confidence indices for July were only slightly below previous month’s value and continued to indicate a moderate growth rate over the next few months.

The PMI indices were the first to provide encouraging signs.

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