In my blog post of 12 January 2012 “Excavation Licenses indicate continued reduction in archaeological and construction activity in 2011” I noted that a reduction in archaeological excavation licenses issued in 2011 of 19.6% would indicate a similar drop in the Production and in Building and Construction Index (PBCI) compiled by the Central Statistics Office (CSO). The CSO published the PBCI and their final figures for 2011 on 15 June 2012 and these figures do indeed indicate a drop from 28.3 to 23.4 in the volume of production, an annual reduction of 17.3%. This maintains the high level of correlation between the Excavation licensing figures and the CSO PBCI and supports the predictive validity of the excavation licensing index.
Site this post as:
Mount, C. Analysis of excavation licensing figures for 2011 correctly predicted reduction in constriction output. The Charles Mount Blog, 27 June 2012. http://charles-mount.ie/wp/?p=872