July sales best in half a year

UK FIRMS reported the best month for sales volumes since January this month, according to the CBI’s latest distributive trades survey, released yesterday.

According to the responding businesses, 43 per cent said volumes were up on a year earlier, while only 26 per cent said hey were down. The atmosphere was particularly buoyant for motor traders, with the strongest sales growth since 2002, and the most positive outlook in 25 years.