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9.1 Experimental index number series for each of the following ANZSIC classes are presented below, along with a brief outline of the index scope and coverage and summary of the results:
Road Freight Transport - ANZSIC 6110 9.2 The Price Index of Road Freight Transport covers the major road freight categories such as bulk freight, express freight, refrigerated freight, etc. The index covers both short - and long - haul freight transport.
Rail Transport - ANZSIC 6200 (part) 9.4 The index covers all the freight activities defined within ANZSIC Class 6200 Rail Transport. The passenger transport component of this class is already largely covered by the urban rail and holiday rail travel components of the Consumer Price Index. The index for the freight component represents a new collection with the results shown below.
9.5 The index has been relatively stable over the last six years, reflecting competitive pressures in the industry, especially from road freight. The index numbers are graphed below.
Grain Storage - ANZSIC 6701 9.6 The Grain Storage Index covers activities such as grain elevator operation, grain silo operation, grain storage and services related to the storage of grain. The operation of grain loading facilities at water terminals is excluded as this is classified to ANZSIC Class 6622, Water Transport Terminals.
9.8 Overall the index has risen by 13.1.% since September quarter 1990, with most of the increase occurring since December quarter 1994.
Storage n.e.c. - ANZSIC 6709 9.9 The Price Index of Storage n.e.c. directly covers the four major storage categories covered by this ANZSIC class: controlled atmosphere storage, self storage, records management and warehousing. The majority of the services priced relate to the provision of services on a long - term contract basis. The exception is self - storage operators that mainly service small domestic clients on a list price basis.
Commercial Property Operators and Developers - ANZSIC 7712 (part) 9.11 ANZSIC class 7712 (part), Commercial Property Operators and Developers, consists of businesses mainly engaged in:
9.12 The ABS collects data in relation to the first two activities listed above. Problems with data definition and collection have led to land subdivision and development activity being excluded from the index at this stage. 9.13 For commercial, retail and industrial property, the sample is stratified by activity and location and covers the six State capital cities and Canberra. Renting or leasing of agricultural or pastoral property has been excluded from the index as it is not significant. 9.14 The sample for conference/convention centres covers all State and Territory capitals. Hotel operations, often associated with conference/convention centres (and included with commercial property in some industry publications), are classified to different ANZSIC classes (5710 or 5720) and are thus not covered by this index.
9.15 The Price Index of Commercial Property Operators has risen by 13.0% between June quarter 1995 and June quarter 1998.
Real Estate Agents - ANZSIC 7720 (part) 9.16 The real estate industry in Australia divides naturally into two main sectors, residential property and commercial/industrial property. Each of these sectors has two main components: property sales and property management. Reflecting this industry structure the ABS index of real estate agents’ fees covers:
9.17 The ABS collection in respect of residential property is a sample survey supplemented by direct collection from the head offices of major franchise operators. The sample of real estate agents selected was chosen from the ABS business register and relates only to the residential category of the industry. The sample on which the index is constructed is stratified by location and covers the largest five State capital cities. 9.18 The ABS has utilised data compiled by a major private commercial property management organisation to represent commercial sales and property management services. These are dominated by a few large businesses. 9.19 Between September quarter 1990 and June quarter 1998 the Price Index of Real Estate Agents’ Fees has increased by 10%.
Motor Vehicle Hiring - ANZSIC 7741 9.20 The Price Index of Motor Vehicle Hiring covers activities classified to ANZSIC class 7741. This class consists of ‘units mainly engaged in leasing, hiring and renting of motor vehicles from own stocks, without drivers (except licensed taxi cabs or hire cars)’. Included are all types of vehicles from passenger cars to trucks and buses, all hired or leased strictly without drivers or operators. Only operating leases are in - scope for this industry class (financial leases are included in ANZSIC class 7519, Services to Finance and Investment n.e.c.).
9.23 Prices in the short - term hire market are fairly volatile, mainly affected by supply and demand conditions and competitive pressure. 9.24 Price change in the long - term lease market is closely linked to changes in interest rates which are the major determinant of lease charges. 9.25 This industry class consists of units mainly engaged in leasing, renting or hiring industrial machinery, plant or equipment (except transport equipment) without operators, from stock physically held for that purpose.
Surveying Services - ANZSIC 7822 9.26 This industry class consists of units mainly engaged in providing surveying services, including exploration surveying services on contract.
Data Processing Services - ANZSIC 7831 9.28 The Price Index for Data Processing Services includes data from the four major data processing groups: computer time sharing services, data entry services, data processing services and tabulating services. The majority of the services priced relate to the provision of services on a long - term contract basis.
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