Business Terms and Jargon Explained

What is Intermediate Consumption

This represents industries’ purchases of goods and services to be used up in the production process (excluding any goods purchased for resale without any further processing), and adjusted for changes in inventories of materials and fuels. Intermediate consumption excludes fixed assets whose consumption is recorded as consumption of fixed capital.

© Crown Copyright. Material taken from National Statistics website: Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2007-01-19 15:20:43

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