U.K. retail sales top expectations

Source: Bloomberg
© Scanpix/Reuters
U.K. retail sales increased more than it was forecasted by economists in July as the hot weather conditions fueled demand for food and alcoholic beverages. According to Office for National Statistics, sales grew 1.1% in July; however, analysts predicted 0.7% rise. Retail sales have increased for three straight months, making it the first time in four and a half years.
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