1301.0 - Year Book Australia, 2005  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 21/01/2005   
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Contents >> Construction >> 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 Chapter 28 Prices.

Output of the general construction industry

In 2003-04 the price indexes for output of the building construction and the non-building construction components of the general construction industry have increased by 7.8% and 4.1% respectively (table 19.19). The rate of increase during the 12 months ended June 2004 for the building construction component (7.8%) was the largest since the beginning of the series.


19.19 PRICE INDEX OF THE OUTPUT OF THE GENERAL CONSTRUCTION INDUSTRY(a)(b)
1998-99
1999-2000
2000-01
2001-02
2002-03
2003-04
Building construction
100.0
105.0
106.0
107.8
112.4
121.2
House construction
100.0
107.2
109.1
112.0
116.5
123.7
Residential building construction n.e.c.
100.0
104.7
104.2
105.1
110.4
121.0
Non-residential building construction
100.0
103.3
103.9
105.1
109.6
119.5
Non-building construction(c)
100.0
103.7
107.9
109.7
116.0
120.8
Output of the general construction industry
100.0
104.9
106.1
107.9
112.7
121.1
(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 2.9% in 2003-04. Table 19.20 shows there were rises in 2003-04 in all capital cities, with Hobart experiencing the largest increase (4.3%).

19.20 PRICE INDEX OF MATERIALS USED IN HOUSE BUILDING(a)(b)
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
(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).


Price index of materials used in building other than house building

In 2003-04 the price index for materials used in building other than house building grew by 3.3% (table 19.21). Perth experienced the largest increase (4.0%) followed by Brisbane (3.4%) and Sydney (3.3)%.


19.21 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
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
2003-04
127.1
126.7
131.2
126.8
127.7
127.0
127.7
(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).



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