National Institute of Statistics, Italy

Data source(s) used: The 19th October 2011 Istat released the new annual series of national accounts based on the most updated versions of the classification of economic activities (Ateco 2007, the national version of Nace Rev. 2) and of products by activity (CPA 2008). At the same time, as in other European countries, the time series of national accounts have been subjected to an extraordinary revision, exploiting advances in methods and sources (e.g. the new balance of payments estimates issued by the Bank of Italy).Gross fixed capital formation: Gross fixed capital formation consists of resident producers' acquisitions, less disposals, of fixed assets during a given period plus certain additions to the value of non-produced assets realised by the productive activity of producer or institutional units.Gross capital formation: Gross capital formation is measured by the total value of the gross fixed capital formation, changes in the invetories, and acqusitions less disposals of valuables

Data source(s) used: Gross fixed capital formation:consists of resident producers' acquisitions, less disposals, of fixed assets during a given period plus certain additions to the value of non-produced assets realised by the productive activity of producer or institutional units.

Data source(s) used: The 3rd October 2014 Istat released the new annual series of national accounts based on the new European System of Accounts (ESA 2010). At the same time, as in other European countries, the time series of national accounts have been subjected to an extraordinary revision, exploiting advances in methods and sources (e.g. the new balance of payments estimates issued by the Bank of Italy based on the new manual BPM6).Gross value added at basic prices: Gross value added at basic prices is output valued at basic prices less intermediate consumption valued at purchasers’ prices. The basic price is the amount receivable by the producer from the purchaser for a unit of a product or service minus any tax on the product plus any subsidy on the product.Gross value added at factor cost: Gross value added at factor cost is derived from GVA at basic prices by subtricting other taxes on production and adding other subsidies on production.Compensation of employees, wages and salaries and social security contributions:Compensation of employees (D1) is defined as the total remuneration, in cash or in kind, payable by an employer to an employee in return for work done by the latter during the accounting period. Compensation of employees is broken down into: wages and salaries (D11): wages and salaries in cash; wages and salaries in kind; employers’ social contributions (D12): employers’ actual social contributions (D121); employers’ imputed social contributions (D122).Household consumption: It consists of the expenditure, including expenditure whose value must be estimated indirectly, incurred by resident households on individual consumption goods and services, including those sold at prices that are not economically significant and including consumption goods and services acquired abroad. It presents the final consumption expenditure of households broken down by the COICOP (Classification of Individual Consumption According to Purpose) classification and by durability. Gross fixed capital formation: Gross fixed capital formation consists of resident producers' acquisitions, less disposals, of fixed assets during a given period plus certain additions to the value of non-produced assets realised by the productive activity of producer or institutional units.Costs and margins by industryOutput deflator at factor costs: Is given by the ratio between the current price production at factor costs and the chain linked production (measured at factor costs) with reference year 2010. Input deflator at purchaser prices: Is given by the ratio between the current price intermediate costs (measured at purchaser prices) and the chain linked intermediate costs (measured at purchaser prices) with reference year 2010. Unit labour cost: Is given by the ratio between 'Compensation of employees' and production. Unit variable costs: Are given by the ratio between the sum of unit labour costs and intermediate consumption and production.Mark-up: Is given by the ratio between the output deflator and unit variable costs.