STAGE OF PRODUCTION COMMENTARY
STAGE OF PRODUCTION (SOP) OVERVIEW
In the March quarter 2014, the Final demand index rose 0.9%, the Intermediate demand index rose 1.2% and the Preliminary demand index rose 1.5%. Through the year to the March quarter 2014, the Final demand index rose 2.5%, the Intermediate demand index rose 3.3% and the Preliminary demand index rose 3.5%.
The rise of 0.9% in the Final demand index in the March quarter 2014 reflected an increase of 0.7% in the prices of domestically produced products and a increase of 2.7% in the prices of imported products. The domestic component recorded rises in the prices received for petroleum refining and petroleum fuel manufacturing (+7.9%) and other agriculture (+8.0%). Partly offsetting these rises were falls in the prices received for pharmaceutical and medicinal product manufacturing (-6.6%). The imports component recorded rises in the prices for computer and electronic equipment manufacturing (+3.5%), other transport equipment manufacturing (+4.6%) and furniture and other manufacturing (+4.8%). The depreciation of the Australian dollar against major trading currencies contributed to this rise. Partly offsetting these rises were falls in the prices for pharmaceutical and medicinal product manufacturing (-3.1%).
The rise of 1.2% in the Intermediate demand index in the March quarter 2014 reflected an increase of 0.9% in the prices of domestically produced products and an increase of 2.8% in the prices of imported products. The domestic component recorded rises in the prices received for petroleum refining and petroleum fuel manufacturing (+7.7%), sheep, beef cattle and grain farming; and dairy cattle farming (+5.7%) and printing and printing support services (+5.2%). Partly offsetting these rises were falls in the prices received for fishing (-14.7%). The imports component recorded rises in the prices for oil and gas extraction (+4.0%), textile, leather, clothing and footwear manufacturing (+5.6%) and electrical equipment manufacturing (+6.2%). The depreciation of the Australian dollar against major trading currencies contributed to this rise. Partly offsetting these rises were falls in the prices for basic ferrous metal product manufacturing (-13.0%) and pharmaceutical and medicinal product manufacturing (-3.4%).
The rise of 1.5% in the Preliminary demand index in the March quarter 2014 reflected an increase of 1.1% in the prices of domestically produced products and an increase of 3.3% in the prices of imported products. The domestic component recorded rises in the prices received for petroleum refining and petroleum fuel manufacturing (+8.8%), sheep, beef cattle and grain farming; and dairy cattle farming (+4.8%) and road freight transport (+1.9%). Partly offsetting these rises were falls in the prices received for accommodation (-0.8%). The imports component recorded rises in the prices for oil and gas extraction (+4.0%), textile, leather, clothing and footwear manufacturing (+5.8%) and metal ore mining (+5.2%). The depreciation of the Australian dollar against major trading currencies contributed to this rise. Partly offsetting these rises were falls in the prices for basic ferrous metal product manufacturing (-7.9%) and other non-metallic mineral mining and quarrying (-10.0%).
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
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