UK construction output unexpectedly shrinks

UK construction output unexpectedly fell in November, according to official data published on Wednesday.

Seasonally adjusted construction output declined 0.2% on the previous month, the Office for National Statistics revealed, extending the 0.6% fall in October when the market had expected a bounce back of 0.2%.

Compared to November last year, output from the construction industry was up 1.5%, though this was short of the 2% gain forecast on the back of a 0.7% rise the preceding month.