1301.0 - Year Book Australia, 2004  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 27/02/2004   
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Contents >> Construction >> Price indexes for construction

Price indexes measure changes in prices received or paid, by producers of commodities and are used extensively to analyse and monitor price behaviour. In Australia they generally relate to prices for goods and services as they affect businesses, for example, the input price of materials used in the building industry. A more detailed explanation of price indexes is contained in Prices.

Output of the general construction industry

In 2002-03 the price indexes for output of the building construction and the non-building construction of the general construction industry increased by 4.3% and 5.7% respectively (table 19.15). The rate of increase during the 12 months ended June 2003 for the non-building construction component (5.7%) was the largest since the beginning of the series.

19.15 PRICE INDEX OF THE OUTPUT OF THE GENERAL CONSTRUCTION INDUSTRY(a)(b)
1997-98
1998-99
1999-2000
2000-01
2001-02
2002-03
Building construction
96.9
100.0
105.0
106.0
107.8
112.4
House construction
97.3
100.0
107.2
109.1
112.0
116.5
Residential building construction n.e.c.
96.7
100.0
104.7
104.2
105.1
110.4
Non-residential building construction
96.5
100.0
103.3
103.9
105.1
109.6
Non-building construction(c)
98.7
100.0
103.7
107.9
109.7
116.0
Output of the general construction industry
97.1
100.0
104.9
106.1
107.9
112.7
(a) Reference base of each index: 1998-99 = 100.0.
(b) Excludes ANZSIC subdivision Construction Trade Services.
(c) ANZSIC class Roads and bridge construction is the sole contributor to the Non-building construction price index.
Source: Producer Price Indexes, Australia (6427.0).

Price index of materials used in house building

The price index of materials used in house building rose 3.6% in 2002-03, following a rise of 1.3% in 2001-02. Table 19.16 shows that there were rises in 2002-03 in all capital cities, with Brisbane experiencing the largest increase (4.6%).

19.16 PRICE INDEX OF MATERIALS USED IN HOUSE BUILDING(a)(b)
Sydney
Melbourne
Brisbane
Adelaide
Perth
Hobart
Weighted average of six state capital cities
1997-98
119.7
117.1
117.1
123.3
115.9
121.0
118.2
1998-99
121.6
118.0
118.2
125.0
116.1
122.2
119.5
1999-2000
126.8
121.7
120.8
127.2
117.7
123.8
122.8
2000-01
130.0
123.1
120.6
129.6
118.8
126.0
124.4
2001-02
132.0
125.0
122.0
130.6
119.4
128.4
126.0
2002-03
137.2
128.4
127.6
135.7
123.0
133.7
130.5
(a) Reference base of each index: 1989-90 = 100.0.
(b) The separate city indexes measure price movements within each city individually. They do not compare price levels between cities.
Source: Producer Price Indexes, Australia (6427.0).

Price index of materials used in building other than house building

In 2002-03 the price index for materials used in building other than house building grew by 4.2% (table 19.17). Brisbane experienced the largest absolute movement of 5%, followed by Perth (4.3%).

19.17 PRICE INDEX OF MATERIALS USED IN BUILDING OTHER THAN HOUSE BUILDING(a)(b)
Sydney
Melbourne
Brisbane
Adelaide
Perth
Hobart
Weighted average of six state capital cities
1997-98
114.4
111.4
117.2
115.1
114.6
117.4
114.2
1998-99
115.2
113.2
118.4
115.5
114.1
118.5
115.2
1999-2000
116.0
114.4
119.3
116.1
115.4
119.0
116.1
2000-01
116.1
115.4
119.1
116.8
115.6
119.3
116.4
2001-02
118.2
117.8
120.8
118.8
117.7
121.3
118.6
2002-03
123.0
122.7
126.9
123.5
122.8
124.2
123.6
(a) Reference base of each index: 1989-90 = 100.0.
(b) The separate city indexes measure price movements within each city individually. They do not compare price levels between cities.
Source: Producer Price Indexes, Australia (6427.0).

Table 19.18 shows the annual price indexes of selected materials used in building other than house building for the period 1997-98 to 2002-03.

19.18 PRICE INDEX OF MATERIALS USED IN BUILDING OTHER THAN HOUSE BUILDING(a),
By selected materials
1997-98
1998-99
1999-2000
2000-01
2001-02
2002-03
Structural timber
121.7
125.4
131.1
134.3
134.7
137.9
Clay bricks
114.6
119.1
123.7
128.0
128.7
135.1
Ready mixed concrete
107.2
106.3
103.6
99.7
99.7
115.2
Steel decking cladding and sheet products
114.9
114.4
114.9
118.5
117.5
121.6
Structural steel
113.1
113.4
112.0
113.1
115.1
124.0
Reinforcing steel bar fabric and mesh
112.7
109.9
104.5
102.4
103.1
105.5
Aluminium windows
109.0
110.5
114.3
119.9
122.7
125.8
Non-ferrous pipes and fittings
135.6
128.6
131.5
141.0
142.7
147.0
Builders’ hardware
120.0
123.4
130.0
135.9
139.3
143.1
Paint and other coatings
136.0
142.7
148.8
152.2
154.6
167.7
All groups
114.2
115.2
116.1
116.4
118.6
123.6
(a) Reference base of each index: 1989-90 = 100.0.
Source: Producer Price Indexes, Australia (6427.0).



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