This paper makes a case for compiling a new set of industry statistics based upon MiTT -- minutes of telecommunications traffic. For most countries, telecommunication flows are a statistical 'lack hole'. Annual reports are the rule; there is no common unit of account; and data on traffic flows is rarely disaggregated. To help remedy this situation it is proposed here that MiTT be adopted as a standard unit of account to log flows over circuits of common bandwidth. The regular compilation of MiTT statistics is viewed as having broad public and private benefits. They include the potential of MiTT to serve as a new economic indicator for tracking the general business cycle. A statistical analysis of year-on-year changes in public voice circuit MiTT from the UK, USA and Singapore is presented in support of this thesis.
