Eurozone shows resilience in face of Brexit vote — unlike UK

LONDON (AP) — A closely watched monthly economic survey indicates that the British economy is heading for a sizeable contraction in the third quarter in the wake of the country's decision to leave the European Union, whereas the neighboring 19-country eurozone economy appears to have brushed aside any of the negative fallout from so-called Brexit — at least so far.

Financial information company IHS Markit said Wednesday that its composite purchasing managers index — a broad gauge of activity across the manufacturing and services sector — rose in July for the eurozone to a six-month high of 53.2 points from 53.1 the previous month.