UK construction output falls in November

According to a Reuters report, Britain's construction output fell in November, seeing its biggest annual drop since May 2013 in the latest sign that the economy may struggle to bounce back strongly from a mid-year slowdown.

Construction output dropped 0.5% on a monthly basis in November, countering expectations of a rise.

On an annual basis, output fell 1.1%, against expectations that it would stagnate in November.

A steep decline in construction output in Q3 weighed on economic growth that matched its lowest rate since late 2012 over that period. Construction output decreased by 1.9% in the third quarter of 2015.

Construction output would have to increase by 2.6% month-on-month in December to avoid a drop for Q4 as a whole.

Edited from source by Joseph Green. Source: Reuters

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