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Economic Preview: The Brexit effect: First hard U.K. data arrives this week

How is the Brexit vote impacting the U.K. economy? Investors will get an early insight into the real effect of the referendum this week, when the first hard data for July arrive.

Gauges of sentiment have already given signs of a sharp slowdown in the British economy — with purchasing managers’ indexes in particular raising the alarm. The services PMI released in July delivered the most downbeat view of the sector since 2009, while last month’s reading on consumer sentiment showed the biggest drop in 26 years.

But those readings are only so-called soft data; the reports out this week will provide the first hard numbers on the U.K.

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