1301.0 - Year Book Australia, 2004  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 27/02/2004   
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Contents >> Prices >> Service industries price indexes

In recognition of the increasing contribution of service industries to the Australian economy, the ABS has progressively extended the scope of the producer price indexes into the service sectors of the economy. Service industry price indexes are an important part of a broader ABS plan to provide a range of statistics that will improve the measurement of various aspects of service industries in the Australian economy.

Since April 2000, the ABS has been publishing quarterly producer price indexes for the output of the Transport (freight) and storage Division, and the Property and business services Division of ANZSIC. The Transport (freight) and storage Division index contains important freight transport industries such as road, rail, sea and air. The Property and business services Division index contains services such as real estate agents and the hire and lease of machinery and equipment, and a diverse range of business services including surveying, computer services, accounting services, employment placement, pest control, and security services. The index numbers are calculated on the reference base 1998-99 = 100.0 using weighting patterns derived from the 1996-97 input-output domestic production tables and are released quarterly in Producer Price Indexes, Australia (6427.0).

As part of an ongoing program to improve the coverage and quality of ABS price indexes, a price index for Accommodation has been developed and research is currently under way to extend the coverage of the services price indexes to include Postal and courier services, and Telecommunication services.

The services price indexes aim to:

  • assist in improving the quality of the Australian national accounts by providing a wider range of deflators for deriving real (chain volume) measures of economic growth
  • contribute to the development of new measures of inflation by expanding the coverage of the indexes compiled under the economy-wide stage of production price indexes (see Stage of production producer price indexes)
  • be of use in their own right for industry analysis.

Tables 28.16, 28.17 and 28.18 provide broad level, summary index series.

28.16 PRODUCER PRICE INDEXES FOR SELECTED SERVICE INDUSTRIES,
Transport (freight) and storage(a)
Road
transport
Rail
transport
Water
transport
Air and
space
transport
Other
transport
Services to
transport
Storage
Transport (freight)
and storage Division
1997-98
98.8
105.1
n.a.
n.a.
n.a.
n.a.
99.4
n.a.
1998-99
100.0
100.0
100.0
100.0
n.a.
100.0
100.0
100.0
1999-2000
101.0
94.4
103.8
99.1
n.a.
97.2
100.9
100.2
2000-01
103.1
95.3
109.8
102.7
101.8
97.2
102.1
102.3
2001-02
105.0
94.9
109.4
103.5
102.9
97.0
102.2
103.2
2002-03
107.3
94.8
106.3
111.4
103.4
100.2
103.3
105.2
(a) Reference base year is 1998-99 = 100.0.
Source: Producer Price Indexes, Australia (6427.0).

28.17 PRODUCER PRICE INDEXES FOR SELECTED SERVICE INDUSTRIES, Property services(a)
Property operators
and developers
Real estate
agents
Machinery equipment
hiring and leasing
Property services Subdivision
1998-99
100.0
100.0
100.0
100.0
1999-2000
102.8
109.9
101.3
103.2
2000-01
109.0
121.6
100.9
108.7
2001-02
111.8
133.9
98.8
111.5
2002-03
111.2
149.7
100.0
113.3
(a) Reference base year is 1998-99 = 100.0.
Source: Producer Price Indexes, Australia (6427.0).

28.18 PRODUCER PRICE INDEXES FOR SELECTED SERVICE INDUSTRIES, Business services(a)
Scientific research
Technical services
Computer services
Legal and accounting services
Marketing and business management services
Other
business services
Business services Subdivision
1998-99
100.0
100.0
100.0
100.0
100.0
100.0
100.0
1999-2000
102.7
102.2
108.0
103.1
104.7
102.1
103.8
2000-01
104.7
103.6
111.2
107.7
109.5
103.7
106.9
2001-02
107.0
106.7
112.6
113.2
114.4
105.7
110.1
2002-03
113.5
113.4
114.7
117.7
117.0
108.9
113.6
(a) Reference base year is 1998-99 = 100.0.
Source: Producer Price Indexes, Australia (6427.0).



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