The Bottom Line
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- Uncertainty about Brexit’s impact may have rippled through financial markets, but so far the biggest economies in continental Europe seem to have taken it in stride.
- The latest PMI data—reflecting purchasing managers’ answers to a range of questions about business conditions—suggests growth could continue expanding at a slow but steady pace.
- Coming in at 53.3, the Eurozone Flash Composite PMI for August, was better than expected—and the highest in seven months.1
Legg Mason ClearBridge Investments