1301.0 - Year Book Australia, 2006  
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Contents >> Chapter 19 - Construction >> Price indexes for 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 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)
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)
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).



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