PRICE INDEXES FOR CONSTRUCTION
Price indexes provide summary measures of the movements in various categories of prices, and are used extensively to analyse and monitor price behaviour. A more detailed explanation of price indexes is contained in the Prices chapter.
OUTPUT OF THE GENERAL CONSTRUCTION INDUSTRY
From 2003-04 to 2004-05 the price indexes for output of the building construction and the non-building construction components of the general construction industry have increased by 8% and 4% respectively (table 19.14). The rate of increase during the 12 months ended June 2005 for the building construction component (8%) was the same as the rate of increase for the 12 months ended June 2004.
19.14 PRICE INDEX OF THE OUTPUT OF THE GENERAL CONSTRUCTION INDUSTRY(a)(b)
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| | 1998-99 | 1999-2000 | 2000-01 | 2001-02 | 2002-03 | 2003-04 | 2004-05 |
|
Building construction | 100.0 | 105.0 | 106.0 | 107.8 | 112.4 | 121.2 | 130.6 |
| House construction | 100.0 | 107.2 | 109.1 | 112.0 | 116.5 | 123.7 | 130.6 |
| Residential building construction n.e.c. | 100.0 | 104.7 | 104.2 | 105.1 | 110.4 | 121.0 | 132.1 |
| Non-residential building construction | 100.0 | 103.3 | 103.9 | 105.1 | 109.6 | 119.5 | 131.3 |
Non-building construction(c) | 100.0 | 103.7 | 107.9 | 109.7 | 116.0 | 120.8 | 125.8 |
Output of the general construction industry | 100.0 | 104.9 | 106.1 | 107.9 | 112.7 | 121.1 | 130.2 |
|
(a) Reference base of each index is 1998-99 = 100.0.
(b) Excludes ANZSIC subdivision Construction Trade Services.
(c) Road and bridge construction is the sole contributor to the Non-building construction.
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% in 2004-05. Table 19.15 shows there were rises in 2004-05 in all capital cities, with Hobart experiencing the largest increase (6%).
19.15 PRICE INDEX OF MATERIALS USED IN HOUSE BUILDING(a)(b)
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| Sydney | Melbourne | Brisbane | Adelaide | Perth | Hobart | Weighted average of six state capital cities |
|
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 |
2003-04 | 142.3 | 131.1 | 132.1 | 138.4 | 125.8 | 139.4 | 134.3 |
2004-05 | 146.6 | 134.6 | 137.3 | 143.4 | 131.1 | 148.0 | 138.8 |
|
(a) Reference base year is 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). |