Post-Brexit economy may actually be worse than Markit's survey suggests

Discussion in 'Market News' started by Lily, Jul 22, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Business sentiment is tough to gauge and the latest report may not present the full effects of low business sentiment on the UK economy

    Surveys of business sentiment are sometimes wrong. There are times when they give off false signals, predicting recessions that never materialise. The first big snapshot of the UK economy in the weeks immediately after Brexit is not one of those.

    As was only to be expected, there has been a heavy blow to confidence and activity in the weeks after the referendum on 23 June. Very few companies were expecting the UK to decide to leave the EU and even fewer had a contingency plan in place for such an eventuality.

    Related: Britain's economy shrinking at fastest rate since 2009, says survey

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