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Last edited 26 Jan 2021
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).
See also: Outcome v output.
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