Producer Price Indexes, Australia

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Contains a range of producer price indexes in the Australian economy, comprising mining, manufacturing, construction and services industries.

Reference period
June 2021
Released
30/07/2021

Key statistics

Final demand (excluding exports)

  • Rose 0.7% this quarter.
  • Rose 2.2% over the past twelve months.

There are revisions in this issue due to the incorporation of more up-to-date data for the March quarter 2021 Accommodation index. There is no impact on PPI Final Demand.

The series impacted are annotated in the time series spreadsheet Table 20.

Quarterly overview

 Mar Qtr 21 to Jun Qtr 21Jun Qtr 20 to Jun Qtr 21
Final demand

% change

% change

Final demand (excl. exports)0.72.2

Index reference period: 2011-12 - 100.0.

The main contributors to quarterly growth in Final demand were:

  • Heavy and civil engineering construction (+1.8%), due to increases in wages and materials driven by public sector investment in transport infrastructure projects.
  • Output of building construction (+1.8%), due to house builders capitalising on improved buyer interest by increasing base prices and reducing bonus offers to pass through material cost increases.
  • Petroleum refining and petroleum fuel manufacturing (+12.1%), due to increases in global crude oil prices, influenced by increasing demand and ongoing OPEC+ supply cuts.

Offsetting the rise were price falls in:

  • Electricity supply, gas supply; and water supply, sewerage and drainage services (-2.5%), due to falls in contractual pricing on electricity supply.
  • Commercial fishing (-12.7%), due to increased seasonal supply of King prawns.

The continuation of industry recovery is reflected in the annual results, the rise of 2.2% to June 2021 is the strongest annual increase since September 2014.

Rounding

Any discrepancies between totals and sums of components in this publication are due to rounding.

Construction

Input to the house construction industry

Output of the construction industry

Mining industries

Input to the coal mining industry

Output of the mining industry

Manufacturing

Input to the manufacturing industry

Output of the manufacturing industry

Services

Output of the services industries

Data downloads

Data files
Data files

Previous catalogue number

This release previously used catalogue number 6427.0.

Using price indexes

Price indexes in contracts

Price indexes published by the Australian Bureau of Statistics (ABS) provide summary measures of the movements in various categories of prices over time. They are published primarily for use in Government economic analysis. Price indexes are also often used in contracts by businesses and government to adjust payments and/or charges to take account of changes in categories of prices (Indexation Clauses).

Use of Price Indexes in Contracts sets out a range of issues that should be taken into account by parties considering including an Indexation Clause in a contract using an ABS published price index.

Changes in this release

There are revisions in this issue due to the incorporation of more up-to-date data for the March quarter 2021 Accommodation index. There is no impact on PPI Final Demand.

The series impacted are annotated in the time series spreadsheet Table 20.

See the full history of changes.

Additional information

The compilation of the quarterly Producer Price Index for the Output of the Retail Trade Industry, normally released as an additional update of the Producer Price Indexes, Australia (ABS cat. No. 6427.0), has been paused indefinitely as a result of changing priorities within the ABS as a result of the COVID-19 pandemic.

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