- The UK construction purchasing managers' index rose to 45.3 in November, from 44.2 in October, to signal the slowest drop in overall construction output for four months, according to IHS Markit.

The market had been expecting a more modest improvement to 44.5.

'Reduced business activity was attributed to a lack of new work to replace completed contracts,' IHS Markit said.

'In some cases, survey respondents suggested that unusually wet weather in November had also weighed on output.'

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