Construction indicators
The glossary of statistical terms, published by the Organisation for Economic Co-operation and Development (OECD), states: ‘Construction indicators can be divided into two groups. The first comprising permits issued, new orders and work started (based on estimated value, area or numbers upon completion) are indicators of future activity. The second group, comprising work put in place, work in progress and work completed are indicators of work actually done within a given period of time or at a particular point in time.’
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