Construction output - Revision history

Designing Buildings at 15:03, 12 February 2020

2020-02-12T15:03:22Z

← Older revision		Revision as of 15:03, 12 February 2020
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	* Construction industry organisation.		* Construction industry organisation.
	* Construction industry reports.		* Construction industry reports.
−	* Construction ~~Leadership Council~~.	+	* Construction output and GDP for quarter 4 2019.
	* Government construction strategy.		* Government construction strategy.
	* Statutory consultees.		* Statutory consultees.
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	* UK Construction industry occupations by percent.		* UK Construction industry occupations by percent.

−	[[Category:Organisations]] [[Category:Publications_/_reports]] [[Category:Public_procedures]]	+	[[Category:Organisations]] [[Category:DCN_Organisation]] [[Category:Publications_/_reports]] [[Category:Public_procedures]]

Designing Buildings at 13:21, 15 October 2019

2019-10-15T13:21:42Z

Editor at 19:09, 7 October 2019

2019-10-07T19:09:39Z

← Older revision		Revision as of 19:09, 7 October 2019
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	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

−	* Composition of UK construction industry 2013.
	* Construction 2025.		* Construction 2025.
	* Construction industry institutes and associations.		* Construction industry institutes and associations.

Editor: Created page with "= Introduction = Construction constitutes an important indicator of how well an economy is performing generally, which is why construction output figures are used to compile the..."

2019-10-07T19:08:49Z

Created page with "= Introduction = Construction constitutes an important indicator of how well an economy is performing generally, which is why construction output figures are used to compile the..."

New page

= Introduction =

Construction constitutes an important indicator of how well an economy is performing generally, which is why construction output figures are used to compile the output aspects of gross domestic product (GDP).

UK construction output is a measure of the amount that has been charged to customers for building and civil engineering work carried out by construction companies in a specific period. This excludes Value Added Tax (VAT) and payments to subcontractors.

The value of the work involved is not a total of all work completed by construction companies in the UK. Rather, it is based on a sample of 8,000 businesses employing over 100 people or with an annual turnover of more than £60m. These estimates are extremely useful and are widely used by private and public sector bodies such as the Treasury, the Bank of England and others.

Measuring construction output is essentially a survey. It is used to produce non-seasonally and seasonally-adjusted monthly, quarterly and annual estimates of output in the construction industry at current prices and at chained volume measures (removing the effect of changes in price).

VAT figures can also provide information on construction output which are used to provide data for small- and medium-sized businesses. However, due to the delay in companies submitting their VAT invoices to Her Majesty’s Revenue and Customs (HMRC), such data is only taken on after a delay period. For example, VAT turnover data for a particular year may be used from figures that were compiled up to two years previously.

New orders are also important in gaining an insight into construction output. For these, the Office of National Statistics (ONS) collects data from the privately contracted Barbour ABI. The figures are used to model the breakdown of the overall output figures for Great Britain.

= What is covered in construction output data? =

The following types of work are covered when measuring national construction output, with the year being split into four quarters – Q1, Q2, Q3 and Q4.

* Public housing
* Private housing
* Infrastructure (water, sewage, electricity, roads, railways, harbours etc).
* Other public non-housing (factories, warehouses, oil, steel, coal, schools, colleges, universities, health, offices, entertainment, garages, shops, agriculture etc).
* Private industrial (factories, warehouses, oil, steel, coal).
* Private commercial (schools, universities, health, offices, entertainment, garages, shops, agriculture, miscellaneous).
* Total new work
* Information is also available on repair and maintenance across the regions.

The Office of National Statistics (ONS) presents the above data in two tables:

* Table 1: Estimates for the type of work that has been undertaken, non-seasonally adjusted and at current prices at sub-sector (ie, regional) level and
* Table 2: Construction output: value that is non-seasonally adjusted, with current prices at sub-national level.

Accuracy of the figures presented will be affected by the changes in the value of orders since the figures were reported (eg, cancellations), and orders that did not convert into output within the timelines stated in the model.

For full details of Tables 1 & 2 and how the figures are presented can be seen at the [https://www.ons.gov.uk/businessindustryandtrade/constructionindustry/datasets/outputintheconstructionindustry ONS website.]

= Related articles on Designing Buildings Wiki =

* Composition of UK construction industry 2013.
* Construction 2025.
* Construction industry institutes and associations.
* Construction industry organisation.
* Construction industry reports.
* Construction Leadership Council.
* Government construction strategy.
* Statutory consultees.
* Top seven trends that will dominate the future of the construction industry
* UK.
* UK construction industry.
* UK Construction industry occupations by percent.

[[Category:Organisations]] [[Category:Publications_/_reports]] [[Category:Public_procedures]]

← Older revision		Revision as of 13:21, 15 October 2019
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	= Introduction =		= Introduction =

−	Construction ~~constitutes~~ an important indicator of how well an economy is performing ~~generally~~, which is why construction output figures are used to compile the output aspects of gross domestic product (GDP).	+	Construction is an important indicator of how well the economy is performing, which is why construction output figures are used to compile the output aspects of gross domestic product (GDP).

	UK construction output is a measure of the amount that has been charged to customers for building and civil engineering work carried out by construction companies in a specific period. This excludes Value Added Tax (VAT) and payments to subcontractors.		UK construction output is a measure of the amount that has been charged to customers for building and civil engineering work carried out by construction companies in a specific period. This excludes Value Added Tax (VAT) and payments to subcontractors.
Line 7:		Line 7:
	The value of the work involved is not a total of all work completed by construction companies in the UK. Rather, it is based on a sample of 8,000 businesses employing over 100 people or with an annual turnover of more than £60m. These estimates are extremely useful and are widely used by private and public sector bodies such as the Treasury, the Bank of England and others.		The value of the work involved is not a total of all work completed by construction companies in the UK. Rather, it is based on a sample of 8,000 businesses employing over 100 people or with an annual turnover of more than £60m. These estimates are extremely useful and are widely used by private and public sector bodies such as the Treasury, the Bank of England and others.

−	Measuring construction output is essentially a survey~~. It is~~ used to produce non-seasonally and seasonally-adjusted monthly, quarterly and annual estimates of output in the construction industry at current prices and at chained volume measures (removing the effect of changes in price).	+	Measuring construction output is essentially a survey used to produce non-seasonally and seasonally-adjusted monthly, quarterly and annual estimates of output in the construction industry at current prices and at chained volume measures (removing the effect of changes in price).

−	VAT figures can also provide information on construction output ~~which are~~ used to provide data for small- and medium-sized businesses. However, due to the delay in companies submitting their VAT invoices to Her Majesty’s Revenue and Customs (HMRC), such data is only taken on after a delay period. For example, VAT turnover data for a particular year may be used from figures that were compiled up to two years previously.	+	VAT figures can also provide information about construction output, used to provide data for small- and medium-sized businesses. However, due to the delay in companies submitting their VAT invoices to Her Majesty’s Revenue and Customs (HMRC), such data is only taken on after a delay period. For example, VAT turnover data for a particular year may be used from figures that were compiled up to two years previously.

	New orders are also important in gaining an insight into construction output. For these, the Office of National Statistics (ONS) collects data from the privately contracted Barbour ABI. The figures are used to model the breakdown of the overall output figures for Great Britain.		New orders are also important in gaining an insight into construction output. For these, the Office of National Statistics (ONS) collects data from the privately contracted Barbour ABI. The figures are used to model the breakdown of the overall output figures for Great Britain.
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	* Table 2: Construction output: value that is non-seasonally adjusted, with current prices at sub-national level.		* Table 2: Construction output: value that is non-seasonally adjusted, with current prices at sub-national level.

−	~~Accuracy~~ of the figures presented will be affected by ~~the~~ changes in the value of orders since the figures were reported (eg, cancellations), and orders that did not convert into output within the timelines stated in the model.	+	The accuracy of the figures presented will be affected by changes in the value of orders since the figures were reported (eg, cancellations), and orders that did not convert into output within the timelines stated in the model.

−	~~For full details of Tables 1 & 2 and how the figures are presented~~ can be seen at the [https://www.ons.gov.uk/businessindustryandtrade/constructionindustry/datasets/outputintheconstructionindustry ONS website.]	+	Full can be seen at the [https://www.ons.gov.uk/businessindustryandtrade/constructionindustry/datasets/outputintheconstructionindustry ONS website.]

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =