Comparing construction in national industrial classification systems

Publisher:
Routledge
Publication Type:
Chapter
Citation:
Accounting for Construction Frameworks, Productivity, Cost and Performance, 2019, pp. 31 - 45 (14)
Issue Date:
2019-04-10
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The way we see and understand an industry typically starts with the data we get from the national accounts and other collections done by national statistics agencies. For building and construction, government statistics are typically collected by sector and then divided into building or structure type, shown in a generalized form in Table 3.1. Projects within a defined market are then grouped together to establish sector size and importance– detached housing for example, or commercial developments. Because the data on industry activity and output is presented in these classifications, analysis of trends and forecasts of construction work are also usually found in this format. Informal building is included here because it is an important part of the industry, but this sector is not usually included in industry statistics.This chapter addresses those issues. Construction data is presented as part of a system of national accounts alongside the other industries that make up the economy. The next section outlines the system of national accounting used inter-nationally, followed by an explanation of the system used to classify industries.The chapterlooks at the development and presentation of construction industry statistics reported by national and international statistical agencies. There is an International Standard Industrial Classification (UN 2008), but Europe, North America and Australasia have their own versions of the international standard. This raises the question of what the similarities and differences between their different versions of construction might be, and whether these differences are important.
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