Definition: Change in stocks of raw materials and consumables

Category: National accounts

This variable is defined as the change in stocks at purchaser's prices exclusive of VAT between the end and the beginning of the reference period. Change in stocks of raw materials consist of all commodities held in stock with the intention of using them as intermediate inputs in production. These positive or negative changes in stocks enable value added to be calculated.

Products stocked for incorporation into the production process may involve either goods or services.