CBI reports most positive growth rate in almost two years but DIY and hardware stores report fall in sales.
The CBI's latest monthly Distributive Trades Survey reported that UK high street sales grew modestly in the year to October, experiencing the most positive rate of growth in almost two years.

Sales in sectors affected by the housing market also improved, with high sreet retailers anticipating stronger sales growth next month.

However, while sectors such as furniture and carpets and durable household goods reported growth after a difficult year, retailers of hardware, china and DIY saw a drop in sales volumes.

BCI Distributive Trades Panel chairman and ceo of Asda Andy Clarke said: "The latest official data shows the economy is still in a recession, however the retail sector seems to be finding its feet again after a challenging year, and the outlook for November is encouraging. But the overall economy remains troubled and some retailers will find the recovery slow and painful."

He added: "It is heartening to see signs of life in sectors related to the housing market, particularly those retailers selling white goods and furniture, who have had two horrid years. And we think some consumers will bring forward big ticket purchases to beat the VAT rise in January."