The Grauniad has the details:
The Bank of England and the Treasury are under increasing pressure to prevent Britain from sliding into recession after a wide-ranging health check of the economy completed since the referendum showed the sharpest downturn in activity since the peak of the financial crisis seven years ago,
Service industries ranging from banks to restaurants, hedge funds, bars, gyms and hairdressers were all affected by what was described as as a “dramatic deterioration” in business confidence that suggests the economy is on course to shrink by 0.4% in the third quarter unless conditions improve.
…..
Manufacturing dropped to its lowest level since February 2013, according to Markit, which compiles the data in its purchasing managers’ index (PMI).
The composite index, which measures both services and manufacturing, fell from 52.4 in June to 47.7 - an 87-month low. Anything below 50 signals a contraction in activity.
The services index dropped from 52.3 in June to 47.4, an 88-month low, while manufacturing fell from 52.1 in June to 49.1.
It gets uglier from there. Every sector of the economy was hit, and hit hard.
The same people who tell us that bigotry wasn’t the main driver of the pro-Brexit vote have also been saying that Brexit hasn’t hurt the British economy. Looks like they are equally believeable on both subjects.