The economic activity in the euro zone unexpectedly accelerated in July, the highest rate in the last six months, even after the British have voted for the output of the United Kingdom of the European Union.
The PMI index, which measures the evolution of the industry and of the euro zone services rose from 53.1 points in June to 53.2 points in July, according to data released this Wednesday, August 3, by Markit Economics.
the reading bucked expectations of economists, which showed a decline to 52.9 points.
This evolution presents us with “a scenario a little better and is especially encouraging since it suggests that the region was not very affected by a vote of Brexit in the UK, “said Chris Williamson, chief economist at Markit Economics, said in a statement.
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