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6427.0 - Producer Price Indexes, Australia, Dec 2012  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 01/02/2013   
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STAGE OF PRODUCTION COMMENTARY


STAGE OF PRODUCTION (SOP) OVERVIEW

In the December quarter 2012, the Final demand index rose 0.2%, the Intermediate demand index rose 0.6% and the Preliminary demand index rose 0.6%. Through the year to the December quarter 2012, the Final demand index rose 1.0%, the Intermediate demand index rose 1.7% and the Preliminary demand index rose 1.4%.

The rise of 0.2% in the Final demand index reflected an increase of 0.1% in the prices of domestically produced products and a rise of 0.1% in the prices of imported products. The domestic component recorded rises in the prices received for motor vehicle and motor vehicle part manufacturing (+2.4%) and petroleum refining and petroleum fuel manufacturing (+3.0%). Partly offsetting these rises were falls in the prices received for other agriculture (-20.3%). The imports component recorded rises in the prices for petroleum refining and petroleum fuel manufacturing (+14.7%) and other transport equipment manufacturing (+1.6%). Partly offsetting these rises were falls in the prices for pharmaceutical and medicinal product manufacturing (-6.1%) and furniture and other manufacturing (-1.8%).

The rise of 0.6% in the Intermediate demand index reflected an increase of 0.6% in the prices of domestically produced products and a rise of 0.5% in the prices of imported products. The domestic component recorded rises in the prices received for electricity supply; gas supply; and water supply, sewerage and drainage services (+6.9%) and petroleum refining and petroleum fuel manufacturing (+6.8%). Partly offsetting these rises were falls in the prices received for coal mining (-10.0%), other agriculture (-7.2%) and sheep, beef cattle and grain farming; and dairy cattle farming (-6.7%). The imports component recorded rises in the prices for petroleum refining and petroleum fuel manufacturing (+4.4%), oil and gas extraction (+2.4%) and motor vehicle and motor vehicle part manufacturing (+2.9%). Partly offsetting these rises were falls in the prices for pharmaceutical and medicinal product manufacturing (-6.2%) and polymer product manufacturing (-1.9%).

The rise of 0.6% in the Preliminary demand index reflected an increase of 0.6% in the prices of domestically produced products and a rise of 1.0% in the prices of imported products. The domestic component recorded rises in the prices received for electricity supply; gas supply; and water supply, sewerage and drainage services (+6.8%), petroleum refining and petroleum fuel manufacturing (+7.2%) and cafes, restaurants and takeaway food services (+6.5%). Partly offsetting these rises were falls in the prices received for coal mining (-10.0%) and sheep, beef cattle and grain farming; and dairy cattle farming (-4.8%). The imports component recorded rises in the prices for oil and gas extraction (+2.4%), metal ore mining (+4.5%) and petroleum refining and petroleum fuel manufacturing (+3.9%). Partly offsetting these rises were falls in the prices of polymer product manufacturing (-1.6%) and electronic equipment manufacturing (-1.2%).

Comparison of SOP indexes
Graph: Comparison of SOP indexes




WHERE TO FIND ADDITIONAL COMMENTARY

Additional commentary for Producer Price Indexes is available in the entry for Producer Price Indexes, Australia (cat. no. 6427.0) on the ABS website <http://www.abs.gov.au>.

The additional commentary includes:
  • Manufacturing industries producer price indexes
      • Input to the Manufacturing industries
      • Output of the Manufacturing industries
  • Construction industries producer price indexes
      • Input to the House construction industry
      • Output of the Construction industries
  • Services industries producer price indexes
      • Output of the Services industries
Diagram: WHERE TO FIND ADDITIONAL COMMENTARY


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