Output
The term 'output' in the construction industry refers to 'the amount of output chargeable to customers for building and civil engineering work done in the relevant period, excluding Value Added Tax (VAT) and payments to subcontractors.
The Office for National Statistics (ONS) monthly Construction Output Survey measures output from the construction industry in Great Britain. The survey samples 8,000 businesses, with all businesses employing more than 100 people, or with an annual turnover of more than £60 million, receiving a questionnaire by post every month. The survey’s results are used to produce non-seasonally and seasonally adjusted monthly, quarterly and annual estimates of output in the construction industry at current price and at chained volume measures (removing the effect of changes in price).
Data on new orders supplied by Barbour ABI are used to model the breakdown of the overall output figures for Great Britain into the lower level and regional data. In December 2019, construction output for the monthly all work chained volume measure, seasonally adjusted series was £13,949 million. Ref https://www.ons.gov.uk/businessindustryandtrade/constructionindustry/bulletins/constructionoutputingreatbritain/latest
For more information see: Construction output and Outcome v output.
NB Functional Standards Common Glossary, published by the Cabinet Office, defines output as: ‘A specialist product (the tangible of intangible artefact) that is produced, constructed or created as a result of a planned activity and handed over to users.’
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