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6427.0 - Producer Price Indexes, Australia, Jun 2013  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 02/08/2013   
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STAGE OF PRODUCTION COMMENTARY


STAGE OF PRODUCTION (SOP) OVERVIEW

In the June quarter 2013, the Final demand index rose 0.1%, the Intermediate demand index rose 0.1% and the Preliminary demand index fell 0.3%. Through the year to the June quarter 2013, the Final demand index rose 1.2%, the Intermediate demand index rose 0.8% and the Preliminary demand index rose 0.3%.

The rise of 0.1% in the Final demand index reflected an increase of 0.1% in the prices of domestically produced products and an increase of 0.4% in the prices of imported products. The domestic component recorded rises in the prices received for building construction (+0.6%) and road and bridge construction (+0.6%). Partly offsetting these rises were falls in the prices received for other agriculture (-4.4%) and petroleum refining (-2.5%). The imports component recorded rises in the prices for computer and electronic equipment manufacturing (+2.2%), clothing manufacturing (+2.5%) and professional and scientific equipment manufacturing (+2.4%). Partly offsetting these rises were falls in the prices for motor vehicle and motor vehicle part manufacturing (-1.4%), petroleum refining and petroleum fuel manufacturing (-5.8%) and pharmaceutical and medicinal product manufacturing (-1.8%).

The rise of 0.1% in the Intermediate demand index reflected no movement in the prices of domestically produced products and a rise of 0.2% in the prices of imported products. The domestic component recorded rises in the prices received for non-metallic mineral product manufacturing (+2.0%) and road freight transport (+1.3%). These were offset by falls in the prices received for petroleum refining and petroleum fuel manufacturing (-5.8%), oil and gas extraction (-6.1%) and basic non-ferrous metal manufacturing (-6.2%). The imports component recorded rises in the prices for polymer product manufacturing (+2.0%) and textile, leather, clothing and footwear manufacturing (+1.9%). Partly offsetting these rises were falls in the prices for oil and gas extraction (-5.6%), petroleum refining and petroleum fuel manufacturing (-4.8%) and metal ore mining (-9.5%).

The fall of 0.3% in the Preliminary demand index reflected a decrease of 0.2% in the prices of domestically produced products and a fall of 0.7% in the prices of imported products. The domestic component recorded falls in the prices received for metal ore mining (-10.2%), petroleum refining and petroleum fuel manufacturing (-6.5%) and oil and gas extraction (-6.1%). Partly offsetting these falls were rises in the prices received for road freight transport (+1.3%) and other agriculture (+2.4%). The imports component recorded falls in the prices for oil and gas extraction (-5.6%) and metal ore mining (-9.5%). Partly offsetting these falls were rises in the prices for basic polymer manufacturing (+4.3%), polymer product manufacturing (+2.3%) and computer and electronic equipment manufacturing (+2.3%).

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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