It doesn’t matter how many times the doomsayers have been proven wrong about Brexit, they will continue to “be surprised” whenever the economic outlook improves.


U.K. manufacturing expanded at the strongest pace in four months in August, lifted by both export orders and domestic demand.

A measure of factory output rose to 56.9 from a revised 55.3 in July, according to IHS Markit’s Purchasing Managers’ Index. That exceeds the 55 forecast by economists in a Bloomberg survey and is well above the 50 level dividing expansion from contraction.

Quelle surprise! (That’s EU speak for “we saw it coming, but we have to act surprised anyway”)

Read the full article at Bloomberg