UK construction output data continues to puzzle?

UK's construction output is expected to rise to 1.0% in the month of October on mom basis seasonally adjusted, as per the consensus, while the year on year value is likely to come in at -1.1%.

There is high support from the financial conditions, but there should be a considerable amount of unfulfilled demand, with the supply's limited ability to support.

"We expect that at best output will have been stable in October", says Societe Generale with expectations of 0% mom and -2% yoy on seasonally adjusted basis.