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Retail Sales Bounce Gives UK Economy a Lift

avatar By Jeanne Goddard

22 Jun 2012 39 views
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Retail Sales Bounce Gives UK Economy a Lift
Retail sales bounced back in May after a dismal April as sunnier weather encouraged shoppers to buy clothes and shoes, raising hope that Britain may yet avoid a longer slump.

Retail sales bounced back in May after a dismal April as sunnier weather encouraged shoppers to buy clothes and shoes, raising hope that Britain may yet avoid a longer slump.

A decent performance by retailers and strength in the manufacturing of consumer goods revealed by an industry survey, which showed an unexpected improvement in British factory orders in June, provided some good economic news.

(READ the story from Reuters)

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