Guide to Economic Indicators by The Economist

Author:The Economist
Language: eng
Format: epub
Publisher: Wiley
Published: 2011-09-06T16:00:00+00:00

Construction orders and output

Measures: Activity in the construction sector.

Significance: Indicator of new investment and future output.

Presented as: Value of orders, volume of construction.

Focus on: Trends in volume terms.

Yardstick: In OECD countries, the growth rate of real capital formation in nonresidential construction averaged 2.8% a year between 2000 and 2008.

Released: Monthly, at least one month in arrears.

Overview

There are several main series, including the following.

Orders (volume in Britain; value in Japan and America).

Permits issued (number in Belgium and France; value in Australia, Germany, the Netherlands).

The value of work put in place (Germany, America).

Value added in money and real terms (with GDP figures for expenditure on investment for many countries).

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