1301.0 - Year Book Australia, 2003
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 24/01/2003
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Graph 19.7 shows that the total volume of production (measured in terms of industry gross value added) of the manufacturing industry in chain volume terms (measuring 'real' output unaffected by price change) increased in most years from 1982-83 to 2000-01. Production levels peaked in 1988-89 before dropping back to around the level achieved in 1987-88. Since then manufacturing production has continued to increase at an average rate of 3% per year. Manufacturing gross value added has risen by 13% over the past five years, 22% over the past 10 years and 38% over the past 20 years. However, in percentage terms manufacturing's contribution to GDP has been trending down for some years, and has declined by 1.3 percentage points of GDP since 1994-95 (table 19.8). Over the period 1994-95 to 2000-01, gross value added rose in five of the nine manufacturing subdivisions, the largest growth being recorded in Food, beverage and tobacco manufacturing (by 42%), Machinery and equipment manufacturing (by 25%), and Petroleum, coal, chemical and associated product manufacturing (by 23%). Production levels for some subdivisions declined over the same period, most noticeably in Textile, clothing, footwear and leather manufacturing (by 15%) and Other manufacturing (by 10%).
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