Anheuser-Busch has declared that "positive momentum" has returned to the US beer industry but warned that growth will slow during the second half of the year.

The Budweiser brewing giant told US investors yesterday (6 September) that volumes throughout the industry have risen 2.7% up until the end of July. The upturn in the industry comes after wine and spirits had gained ground on beer in recent years.

A-B enjoyed a 3.2% rise in volumes over the same period with Bud Light volumes rising 5%, the company said. However, A-B president August Busch IV warned that growth would slow in the coming months.

"Going forward, we expect volume growth to continue, but at a more moderate rate due to challenging comparisons for the industry and A-B in the second half of 2006," he said.