Costs and Margins Breakdown by Industry (NACE Rev.2), 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).Output 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 2005.Input deflator at factor costs: is given by the ratio between the current price intermediate costs at factor costs and the chain linked intermediate costs (measured at factor costs) with reference year 2005.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 the unit variable costs.