STAGE OF PRODUCTION COMMENTARY
STAGE OF PRODUCTION (SOP) OVERVIEW
In March quarter 2010, the final (Stage 3) index recorded an increase of 1.0%, the intermediate (Stage 2) index recorded an increase of 1.2% and the preliminary (Stage 1) index recorded an increase of 1.0%. Through the year to March quarter 2010, the final (Stage 3) index decreased by 0.1%, the intermediate (Stage 2) index decreased by 2.2% and the preliminary (Stage 1) index decreased by 3.0%.
The increase of 1.0% in the final (Stage 3) index reflected a rise of 1.0% in the price of domestically produced items and a rise of 1.4% in the price of imported items. The domestic component increased due to price rises in building construction (+0.6%), electricity, gas and water supply (+3.3%) and petroleum refining (+8.2%). The price increases were partially offset by price falls in commercial fishing (-12.2%) and other food product manufacturing (-1.7%). The imports component increased due to price rises for industrial machinery and equipment manufacturing (+3.4%), petroleum refining (+7.3%) and other chemical product manufacturing (+3.2%). These increases were partially offset by price falls in photographic and scientific equipment manufacturing (-1.9%) and other food product manufacturing (-1.7%).
The increase of 1.2% in the intermediate (Stage 2) index reflected a rise of 1.3% in the price of domestically produced items and a rise of 0.4% in the price of imported items. The domestic component recorded price rises for grain, sheep, beef and dairy cattle farming (+5.7%), metal ore mining (+14.4%) and petroleum refining (+8.7%). These increases were partially offset by price falls in oil and gas extraction (-8.6%) and iron and steel manufacturing (-1.9%). The imports component increased due to price rises in petroleum refining (+7.6%), industrial machinery and equipment manufacturing (+2.8%) and iron and steel manufacturing (+3.5%). These increases were partially offset by price falls in basic chemical manufacturing (-4.4%) and motor vehicle and part manufacturing (-2.7%).
The increase of 1.0% in the preliminary (Stage 1) index reflected a rise of 1.1% in the price of domestically produced items and a rise of 0.1% in the price of imported items. The domestic component recorded price rises for petroleum refining (+8.7%), grain, sheep, beef and dairy cattle farming (+5.9%) and metal ore mining (+12.0%). These increases were partially offset by price falls for oil and gas extraction (-8.6%) and iron and steel manufacturing (-1.9%). The imports component increased due to price rises in petroleum refining (+7.5%), industrial machinery and equipment manufacturing (+2.7%) and iron and steel manufacturing (+3.6%). These increases were partially offset by price falls in basic chemical manufacturing (-4.4%) and motor vehicle and part manufacturing (-2.8%).
COMPARISON OF SOP INDEXES: Base: 1998-99 = 100.0
WHERE TO FIND ADDITIONAL COMMENTARY
From the September quarter 2009, commentary for other Producer Price Indexes is available in the entry for
Producer Price Indexes, Australia (cat. no. 6427.0) on the ABS website <
https://www.abs.gov.au>.
The additional commentary includes:
- Manufacturing industries producer price indexes
- Materials used in manufacturing industries
- Articles produced by manufacturing industries
- Construction industries producer price indexes
- Materials used in house building
- Output of the construction industry
- Service industries producer price indexes
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