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Eurozone business activity 'resilient' despite Brexit: survey

On June 23, on a 72 percent turnout, 52 percent (17.4 million people) voted in favour of Britain leaving the European UnionEconomic activity in the eurozone fell in July, but only slightly in a signal that the bad effects of Brexit have yet to take hold in continental Europe, a closely watched survey showed Friday. Data monitoring company Markit did not cite Britain’s vote to leave the EU as the specific cause of the downturn, and even said France and Germany showed surprising resilience. Markit said the preliminary July reading for its Composite Purchasing Managers Index (PMI) for the eurozone fell to 52.9 points, a 18-month low, from 53.1 in June.

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