6427.0 - Producer Price Indexes, Australia, Jun 2014 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 01/08/2014   
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STAGE OF PRODUCTION COMMENTARY


STAGE OF PRODUCTION (SOP) OVERVIEW

In the June quarter 2014, the Final demand index fell 0.1%, the Intermediate demand index fell 0.5% and the Preliminary demand index fell 0.8%. Through the year to the June quarter 2014, the Final demand index rose 2.3%, the Intermediate demand index rose 2.7% and the Preliminary demand index rose 3.0%.

The fall of 0.1% in the Final demand index in the June quarter 2014 reflected a rise of 0.1% in the prices received for domestically produced products and a fall of 1.5% in the prices paid for imported products. The domestic component recorded rises in the prices received for building construction (+1.2%). Partly offsetting these rises were falls in the prices received for other agriculture (-6.1%) and accommodation (-6.3%). The imports component recorded falls in the prices paid for computer and electronic equipment manufacturing (-3.9%), other transport equipment manufacturing (-3.7%) and professional and scientific equipment manufacturing (-4.5%). Partly offsetting these falls were rises in the prices paid for pharmaceutical and medicinal product manufacturing (+9.9%).

The fall of 0.5% in the Intermediate demand index in the June quarter 2014 reflected a fall of 0.1% in the prices received for domestically produced products and a fall of 2.7% in the prices paid for imported products. The domestic component recorded falls in the prices received for petroleum refining and petroleum fuel manufacturing (-12.8%), coal mining (-10.1%) and other agriculture (-3.9%). Partly offsetting these falls were rises in the prices received for sheep, beef cattle and grain farming; and dairy cattle farming (+6.5%) and printing and printing support services (+3.8%). The imports component recorded falls in the prices paid for oil and gas extraction (-5.9%), textile, leather, clothing and footwear manufacturing (-3.4%) and polymer product manufacturing (-3.8%). Partly offsetting these falls were rises in the prices paid for pharmaceutical and medicinal product manufacturing (+10.1%), structural metal product manufacturing (+6.6%) and dairy product manufacturing (+5.8%).

The fall of 0.8% in the Preliminary demand index in the June quarter 2014 reflected a fall of 0.4% in the prices received for domestically produced products and a fall of 2.9% in the prices paid for imported products. The domestic component recorded falls in the prices received for petroleum refining and petroleum fuel manufacturing (-14.4%), metal ore mining (-7.6%) and coal mining (-10.1%). Partly offsetting these falls were rises in the prices received for sheep, beef cattle and grain farming; and dairy cattle farming (+4.5%), printing and printing support services (+3.6%) and other administrative services (+1.6%). The imports component recorded falls in the prices paid for oil and gas extraction (-6.0%), metal ore mining (-4.5%) and textile, leather, clothing and footwear manufacturing (-3.7%). Partly offsetting these falls were rises in the prices paid for dairy product manufacturing (+5.8%) and cleaning compound and toiletry preparation manufacturing (+4.4%).

Comparison of SOP indexes
Graph: Comparison of SOP indexes



WHERE TO FIND ADDITIONAL COMMENTARY

Additional commentary for Producer Price Indexes is available in the entry for Producer Price Indexes, Australia (cat. no. 6427.0) on the ABS website <https://www.abs.gov.au>.

The additional commentary includes:
  • Mining industries producer price indexes
      • Input to the Coal mining industry
  • Manufacturing industries producer price indexes
      • Input to the Manufacturing industries
      • Output of the Manufacturing industries
  • Construction industries producer price indexes
      • Input to the House construction industry
      • Output of the Construction industries
  • Services industries producer price indexes
      • Output of the Services industries
Diagram: Additional Commentary image