Definition: Output stocks

Category: National accounts

· Output stocks represent the stocks of finished products and work-in-progress of the producer. They are taken into account in the calculation of output, i.e. they are entered in the corresponding columns of Tables 1 and 2. Output stocks comprise:
- finished products from the industry: these are goods which producers have no intention of further processing before sending them for other economic purposes. In the case of agriculture and forestry, they include crop products, olive oil, grape must, livestock products, timber and other forestry products and non-agricultural (forestry) goods produced in inseparable secondary activities;
- work-in-progress: this is production which is not quite finished. For the EAA, it includes wine, livestock for slaughter, all chickens and other poultry (including breeding poultry) and other animals except those regarded as fixed capital. It should be noted that growing crops (cf. 2.06.4.) and standing timber (in a regular development of stocks, cf. 2.06.13.) are not regarded as work-in-progress stocks in the annual economic accounts. http://ec.europa.eu/eurostat/ramon/statmanuals/files/KS-27-00-782-__-I-EN.pdf