Record Jump for U.K. Services Index as Brexit Shock Dissipates

September 5, 2016 8:46 AM

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Record Jump for U.K. Services Index as Brexit Shock Dissipates

A gauge of U.K. services jumped the most on record in August, adding to evidence of an economic rebound following the shock inflicted by the decision to leave the European Union.

52.9 from a seven-year low of 47.4 in July, the biggest monthly gain since the survey began two decades ago. The median estimate of economists in a Bloomberg News survey was for a rise to 50, the level that divides expansion from contraction.

Also read: May Pitches Brexit U.K. as Global Cheerleader for Free Trade

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