The merchant’s revenue in May and June increased by 7% on a year ago, a "considerable step up" in performance, according to Travis Perkins.

"Looking ahead to the second half of 2013 and beyond, lead indicators suggest we will see modest growth returning to most market segments," it said.

The company said housing transactions and consumer confidence were both trending positively, while infrastructure and other public sector markets were predicted to grow.

The general merchanting division saw 3.9% sales growth in the first half. But divisional growth accelerated to 10.8% for May and June.

Travis Perkins’ consumer division, comprising Wickes and Toolstation, also bounced back in May and June, showing an 8.6% sales growth on a year ago, though the 5% decline in the first four months resulted in a 0.2% sales dip for the half year.

Chief executive Geoff Cooper will retire on March 6 next year, and deputy chief executive John Carter will take on the role.