The FTSE 100 index has retreated in trading this morning (November 9th) following news the UK construction sector has suffered another fall in activity.
According to the Office for National Statistics, the sector's productivity was down by 11.3 per cent in September compared to a year ago and the month also witnessed big slides in new building by the commercial and public sectors.
The private commercial sector provided the biggest contribution to the decline between July and September, but this loss was marginally offset by an increase in new infrastructure development.
House building bounced by five per cent over the course of the 30-day month, but even this figure is still lower than 2011 – undershooting last year's data by 12 per cent.
At 11:30 GMT today (November 9th), the FTSE 100 in London retreated by 0.4 per cent – or 25.7 points – to an index value of 5750.2 points.
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