STAGE OF PRODUCTION COMMENTARY
STAGE OF PRODUCTION (SOP) OVERVIEW
In the December quarter 2015, the Final demand index rose 0.3%, the Intermediate demand index fell 0.2% and the Preliminary demand index fell 0.2%. Through the year to the December quarter 2015, the Final demand index rose 1.9%, the Intermediate demand index rose 0.9% and the Preliminary demand index rose 0.2%.
The rise of 0.3% in the Final demand index in the December quarter 2015 reflected a rise of 0.2% in the prices of domestically produced products and a rise of 0.9% in the prices of imported products. The domestic component recorded rises in the prices received for building construction (+0.4%), accommodation (+8.8%) and other agriculture (+3.8%). Partly offsetting these rises were falls in the prices received for petroleum refining and petroleum fuel manufacturing (–11.8%). The imports component recorded rises in the prices received for other transport equipment manufacturing (+3.4%), computer and electronic equipment manufacturing (+1.6%) and textile, clothing, footwear and leather manufacturing (+3.5%). Partly offsetting these rises were falls in the prices received for petroleum refining and petroleum fuel manufacturing (–12.8%).
The fall of 0.2% in the Intermediate demand index in the December quarter 2015 reflected a fall of 0.2% in the prices of domestically produced products and a rise of 0.3% in the prices of imported products. The domestic component recorded falls in the prices received for petroleum refining and petroleum fuel manufacturing (–8.2%), grain mill and cereal manufacturing (–8.5%) and basic non–ferrous metal manufacturing (–7.7%). Partly offsetting these falls were rises in the prices received for real estate services (+1.9%) and converted paper products manufacturing (+3.4%). The imports component recorded rises in the prices received for textile, clothing, footwear and leather manufacturing (+2.0%), computer and electronic equipment manufacturing (+2.8%) and other machinery and equipment manufacturing (+5.3%). Partly offsetting these rises were falls in the prices received for electrical equipment manufacturing (–5.6%), oil and gas extraction (–7.6%) and petroleum refining and petroleum fuel manufacturing (–4.9%).
The fall of 0.2% in the Preliminary demand index in the December quarter 2015 reflected a fall of 0.2% in the prices of domestically produced products and a rise of 0.3% in the prices of imported products. The domestic component recorded falls in the prices received for metal ore mining (–9.7%), basic non–ferrous metal mining (–7.3%) and petroleum refining and petroleum fuel manufacturing (–5.9%). Partly offsetting these falls were rises in the prices received for other transport equipment manufacturing (+7.5%) and real estate services (+1.9%). The imports component recorded rises in the prices received for textile, clothing, footwear and leather manufacturing (+1.9%), computer and electronic equipment manufacturing (+2.8%) and other machinery and equipment manufacturing (+4.2%). Partly offsetting these rises were falls in the prices received for oil and gas extraction (–7.5%), petroleum refining and petroleum fuel manufacturing (–5.1%) and electrical equipment manufacturing (–2.3%).
Comparison of SOP indexes
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