Retail sales data better than expected as UK economy enjoys summer bounce

Retail sales grew by 1.1% as shoppers stocked up on shorts and sun cream during warmest July for seven years Britain's shoppers stocked up on shorts and sun cream during the warmest July for seven years, helping to boost retail sales growth to 1.1% last month. In the latest piece of evidence that the economy is enjoying a summer bounce, the Office for National Statistics (ONS) said retail sales increased by 1.1% in July, after a 0.3% rise in June, as the warm weather set the tills ringing. The O...