Eurozone business activity ‘strong’ despite Brexit

Media reported in August 2016 that economic activity in the Eurozone had reached a seven-month high, despite the uncertainty following the United Kingdom's decision to leave the European Union.

For the Euro area, the composite Purchasing Managers' Index (PMI), an indicator of activity in manufacturing and services, rose to 53.3 in August from 53.2 in July and 53.1 in June, when the UK referendum took place.

• Primary Source

ESO: Background information: Monetary policy decisions, July 2016 [ECB] http://www.europeansources.info/record/monetary-policy-decisions-july-2016/

The Guardian, 23.08.16: Eurozone resilient after Brexit vote as output increases https://www.theguardian.com/business/2016/aug/23/eurozone-brexit-ihs-markit-gdp-growth

EUObserver, 24.08.16: Eurozone activity high after Brexit https://euobserver.com/economic/134727

Euronews, 23.08.16: No Brexit vote effect on stable eurozone business activity http://www.euronews.com/2016/08/23/no-brexit-vote-effect-on-stable-eurozone-business-activity

BBC News, 23.08.16: UK's manufacturing output eases back, says CBI survey http://www.bbc.co.uk/news/business-37165190

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