Eurozone economy poised for decade-high growth rates as Britain lags
LONDON—While Britain and the rest of the EU are struggling to agree on divorce terms, it’s increasingly clear that on the economic front, they are diverging sharply.
In closely watched surveys of economic activity, financial information company IHS Markit said Tuesday that the economy of the 19 EU countries that use the euro is heading for decade-high growth rates while Britain’s is increasingly sluggish — largely due to uncertainty surrounding Brexit.
The purchasing managers’ index, a broad gauge of economic activity, for the eurozone was unchanged at 55.7 points in August. The index is on a 100-point scale, with anything above 50 indicating expansion.