The slowdown the British construction sector is suffering in terms of output was less pronounced in October.
This is according to fresh data released today (December 14th) by the Office for National Statistics, which revealed the industry's activity slipped by 5.1 per cent over the 31-day period on a year on year basis.
Compared to the previous month, construction output rose by 8.3 per cent.
Output has fallen for 14 of the last 15 months, although October's decline was the least pronounced since February.
This data is the first that will make up the hotly-anticipated fourth-quarter gross domestic product (GDP) figure, which will be released in January.
Construction is a component of GDP, which measures the value of everything produced in the economy.
At 16:30 GMT, the FTSE 100 looked to be closing the week's trading flat, sliding by a marginal 2.5 points to an index value of 5927 points.
Find spread betting strategies for the FTSE 100 at City Index.
StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.