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[C] - Production index - construction
Description The field of observation of the estimated index of production in construction (IPC) is all construction activities referred both to new and maintenance activity. The periodicity of the index was quarterly until the third quarter of 2010, after which began disseminating monthly. Due to the difficulty in doing a direct survey on building companies, an indirect methodology is used to calculate the IPC: output changes are calculated on the basis of a production function that combine the production inputs (working hours, intermediate inputs and physical capital). The production function is estimated using elementary enterprise data referred to the year 2010. This indirect approach is also recommended in Eurostat short-term statistics methodological to solve problems arising in measuring the output of the construction sector for the strong prevalence of small and very small building companies.
Eurostat type of process classification Statistical compilation other than National Account
First production year 1995