Figures have shown that the British retailers have had their strongest sales in six months, as Germany has suffered over summer.
Business groups have reported that British shoppers have flocked to the high street, with the Confederation of British Industry figures showing a retail sales volume index increase to +9.
Following the UK’s decision to leave the European Union, the retail sales volume index was at -14, as Brexit clearly shook businesses all over Europe.
The news has been described as “German businesses waking up to Brexit reality” by Economist Carsten Brzeski from the ING Diba bank.
Stephen Brown of Capital Economics added: “There is a risk that the Ifo will fall further.”
It has also been revealed that the British employment rate climbed to a record 74.5% in the three months leading up to the EU Referendum.
Between April and June, the UK’s output increased by 0.6 per cent, while 19-country single currency bloc grew by just 0.3 per cent.
Eurozone growth also decreased by 50% from the 0.6% growth in the first three months of the year as France’s economy capitulated.
Overall, the EU grew by only 0.4 per cent between April and June, according to figures from Eurostat.