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Brexit's Effect on Europe: Legg Mason Chart of the Week

Posted by WrapManager's Investment Policy Committee

September 7, 2016

The Bottom Line

  • 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
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Legg Mason ClearBridge Investments Brexit Eurozone