German Economy Appears Unfazed by Britain’s EU Referendum

Germany’s economy is showing little sign that Britain’s referendum on European Union membership is damping investment, according to Markit Economics.

A Purchasing Managers’ Index for manufacturing and services was at 54.1 in June after a reading of 54.5 in May, the London-based company said on Thursday. While that’s the lowest in two months, it’s well above the 50 mark that divides expansion from contraction. Economists had forecast a reading of 54.3.