Definition: Initial stocks

Category: National accounts

Initial stocks: (4q)
These constitute the finished or semi-finished stocks of own products existing on the holdings of the industry (i.e. held by producers) at the beginning of the reference year. Stocks at the different marketing stages and intervention stocks should therefore not be entered here (cf. 2.72 and following regarding the treatment of livestock). http://ec.europa.eu/eurostat/ramon/statmanuals/files/KS-27-00-782-__-I-EN.pdf