(Intermediate) consumption

Goods and services used as input in a production process, excluding fixed assets (investment goods). These are goods which are incorporated into other products or consumed altogether during the production process (by definition, this is the case for hired-in services). In line with international agreements, goods purchased or services hired are considered to be fixed assets rather than input for intermediate consumption (investment) if they can be used in the production process for at least one year. Goods and services used by means of intermediate consumption are valued at purchaser price level applicable at the time of consumption.
Back to article