Intermediate demand

{
  "id": "MLC-T-ECS-000977",
  "term": "Intermediate demand",
  "field": "Economic statistics",
  "definition": "Portion of the Final Demand-Intermediate Demand (FD-ID) system that tracks price changes, from a producer's perspective, of goods, services, and construction products sold to businesses as inputs to production, excluding capital investment.\n\nNote: The FD-ID system includes two parallel treatments of intermediate demand. The first treatment organizes intermediate demand commodities by type and is composed of three main price indexes: processed and unprocessed goods for intermediate demand, services for intermediate demand, and intermediate demand construction. The second treatment organizes intermediate demand commodities into production stages, with the explicit goal of developing a forward-flow model of production and price change.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/intermediate-demand/"
}