Euro-Area Economy Lacking Momentum Adds to Brexit Concerns

The euro-area economy continued growing at a lackluster pace in June, ahead of the U.K.’s referendum on its European Union membership.

A Purchasing Managers Index for manufacturing and service activity was unchanged at 53.1 in June from a month earlier, London-based Markit Economics said on Tuesday. That compares with a preliminary reading of 52.8. Almost all the responses were collected before the British referendum, when it opted to quit the EU.