High Street sales bring cheer

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There was another dose of good news for the economy yesterday as figures showed better-than-expected sales growth on the High 
Street.

The latest CBI survey, covering the first half of October, revealed 47 per cent of retailers saw sales rise on a year earlier, while 17 per cent said sales were down, giving a balance of 30.

The result is the best since June, when sales were lifted by the extra bank holiday for the Queen’s Diamond Jubilee, and offers a much-needed boost for retailers in the run-up to Christmas.

Shop owners also believe the rebound will continue next month, with a balance of 27 per cent expecting sales to be higher in November.