Transcription of SOURCES AND METHODS CONSTRUCTION PRICE INDICES - …
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SOURCES AND METHODS CONSTRUCTION PRICE INDICES - …
1 SOURCES AND METHODSCONSTRUCTION PRICE INDICESS tatistics Directorate, Organisation for Economic Co-operation and Development, ParisStatistical Office of the European Community, Luxembourg2 FOREWORDThis publication is the result of joint work between the Statistics Directorate of the Organisation for Economic Co-operation and Development (OECD) and the Statistical Office of the European Communities (EUROSTAT). Theobjectives of this collaboration were to outline conceptual problems in the development of CONSTRUCTION PRICE INDICES ,based on a comparative description of the methodologies currently used by Member countries of the OECD and theEuropean information will enable national statistical institutes, or other organisations compiling CONSTRUCTION priceindices, to compare their methodology and data s
adjustment of sales contracts for buildings under construction; and as a basis for indexation for insurance purposes. They are also used to deflate national accounts estimates of output of construction activities, and gross fixed capital formation in residential construction. In summary, construction price indices are used to
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