PRICE INDEXES
The ABS compiles two price indexes relating to the manufacturing industry - the Price Index of Materials Used in Manufacturing Industries, and the Price Index of Articles Produced by Manufacturing Industries. These indexes measure movements in the prices of materials used, and articles produced, by establishments classified to the Manufacturing Division of ANZSIC (1993 edition). The Price Index of Materials Used in Manufacturing Industries consists of two broad components, materials used in manufacturing that are sourced domestically and materials used in manufacturing that are imported and these contribute approximately 65% and 35%, respectively, to the total index. More information on the concepts underlying these indexes and other price indexes compiled by the ABS is provided in the Prices chapter.
Tables 18.18 and 18.19 provide index numbers for selected components of the two price indexes.
The price of materials used in manufacturing increased by more than 18% between 1999-2000 and 2004-05, driven mainly by increases in the price of domestic materials. In 2004-05, the price of domestic materials was 31% higher than the price in 1999-2000, while the price of imported materials was only 2% higher.
In 2004-05, the price of materials used in manufacturing increased by almost 9%. Increases occurred for the materials used in most manufacturing industries. The largest increase in price was for the materials used in petroleum and coal products manufacturing (32%), followed by the materials used for rubber and plastics (14%), basic metal products (14%) and fabricated metal products (12%) industries.
18.18 PRICE INDEXES(a)(b), Materials used in manufacturing industries
|
 | 1999–2000 | 2003–04 | 2004–05 | Change from
1999–2000
to 2004–05 | Change from
2003–04 to
2004–05 |
| Industry | Index | Index | Index | % | % |
|
| Food, beverages and tobacco | 110.8 | 136.5 | 141.8 | 27.9 | 3.9 |
| Textiles and textile products | 91.6 | 100.5 | 101.0 | 10.3 | 0.5 |
| Knitting mills and clothing | 102.6 | 103.2 | 104.4 | 1.7 | 1.1 |
| Footwear | 107.4 | 124.1 | 122.2 | 13.8 | -1.6 |
| Leather and leather products | 97.8 | 86.0 | 87.6 | -10.4 | 1.9 |
| Log sawmilling and other wood products | 123.0 | 125.2 | 126.6 | 2.9 | 1.1 |
| Paper and paper products | 99.8 | 103.1 | 103.1 | 3.4 | 0.0 |
| Printing, publishing and recorded media | 107.7 | 110.3 | 108.0 | 0.3 | -2.1 |
| Petroleum and coal products | 157.8 | 164.0 | 216.9 | 37.5 | 32.2 |
| Chemicals | 114.0 | 116.9 | 121.3 | 6.4 | 3.7 |
| Rubber and plastics | 110.8 | 117.5 | 134.4 | 21.3 | 14.4 |
| Non-metallic mineral products | 110.7 | 128.8 | 135.9 | 22.7 | 5.5 |
| Basic metal products | 92.5 | 102.0 | 116.0 | 25.4 | 13.7 |
| Fabricated metal products | 106.1 | 114.0 | 127.4 | 20.0 | 11.8 |
| Transport equipment and parts | 120.5 | 120.4 | 126.2 | 4.7 | 4.8 |
| Electronic equipment and other machinery | 103.4 | 107.1 | 117.1 | 13.2 | 9.4 |
| Other manufacturing | 118.8 | 120.9 | 132.5 | 11.6 | 9.6 |
| All materials | 115.8 | 125.9 | 137.1 | 18.4 | 8.9 |
|
(a) Reference base of index: 1989-90 = 100.0.
(b) The index is on a net basis and relates in concept only to transactions in materials used in the industry that are produced from other industries or from overseas.
Source: Producer Price Indexes, Australia, various issues (6427.0). |
The price of articles produced by manufacturing increased by almost 16% between 1999-2000 and 2004-05.
In 2004-05, the largest increase in the price of articles produced was in the petroleum and coal products industry at 31%, followed by increases in the price of basic metal products manufacturing (21%).
18.19 PRICE INDEXES(a)(b), Articles produced in manufacturing industries
|
| 1999–2000 | 2003–04 | 2004–05 | Change from
1999–2000
to 2004–05 | Change from
2003–04 to
2004–05 |
| Industry | Index | Index | Index | % | % |
|
| Food, beverages and tobacco | 125.1 | 139.9 | 146.2 | 16.9 | 4.5 |
| Textiles and textile products | 103.8 | 116.7 | 116.3 | 12.0 | -0.4 |
| Knitting mills, clothing, footwear and leather | 119.5 | 124.2 | 123.9 | 3.6 | -0.2 |
| Log sawmilling and other wood products | 126.0 | 139.1 | 140.5 | 11.5 | 1.0 |
| Paper and paper products | 111.3 | 117.8 | 117.4 | 5.4 | -0.4 |
| Printing, publishing and recorded media | 148.9 | 155.7 | 157.3 | 5.6 | 1.1 |
| Petroleum and coal products | 137.5 | 173.3 | 226.8 | 64.9 | 30.9 |
| Chemicals | 111.8 | 114.5 | 120.8 | 8.1 | 5.4 |
| Rubber and plastics | 114.9 | 124.7 | 130.8 | 13.8 | 4.9 |
| Non-metallic mineral products | 117.5 | 129.2 | 131.2 | 11.6 | 1.5 |
| Basic metal products | 104.8 | 106.7 | 129.4 | 23.4 | 21.3 |
| Fabricated metal products | 115.2 | 125.3 | 133.6 | 16.0 | 6.6 |
| Transport equipment and parts | 119.6 | 127.0 | 126.1 | 5.4 | -0.8 |
| Electronic equipment and other machinery | 109.9 | 113.1 | 115.9 | 5.5 | 2.5 |
| Other manufacturing | 123.9 | 127.8 | 131.6 | 6.2 | 3.0 |
| All articles | 120.6 | 130.4 | 139.3 | 15.6 | 6.8 |
|
(a) Reference base of index: 1989-90 = 100.0.
(b) The index is on a net basis and relates in concept only to transactions in articles produced that are sold outside the Australian manufacturing industry.
Source: Producer Price Indexes, Australia, various issues (6427.0). |
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