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6427.0 - Producer Price Indexes, Australia, Dec 2009  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 25/01/2010   
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STAGE OF PRODUCTION COMMENTARY


STAGE OF PRODUCTION (SOP) OVERVIEW

In December quarter 2009, the final (Stage 3) index recorded a decrease of 0.4%, the intermediate (Stage 2) index recorded a decrease of 0.9% and the preliminary (Stage 1) index recorded a decrease of 0.8%. Through the year to December quarter 2009, the final (Stage 3) index decreased by 1.5%, the intermediate (Stage 2) index decreased by 6.5% and the preliminary (Stage 1) index decreased by 8.4%.

The decrease of 0.4% in the final (Stage 3) index reflected a rise of 0.3% in the price of domestically produced items and a fall of 5.2% in the price of imported items. The domestic component increased due to price rises in other agriculture (+11.2%), building construction (+0.3%) and services to transport (+5.7%). The price increases were partially offset by price falls in petroleum refining (-6.7%) and bakery product manufacturing (-4.0%). The imports component decreased due to price falls for electronic equipment manufacturing (-9.7%), motor vehicle and part manufacturing (-2.7%), industrial machinery and equipment manufacturing (-3.8%) and other manufacturing (-9.0%). These decreases were partially offset by price rises in beverage and malt manufacturing (+2.7%) and other food manufacturing (+1.0%).

The decrease of 0.9% in the intermediate (Stage 2) index reflected a fall of 0.4% in the price of domestically produced items and a fall of 3.9% in the price of imported items. The domestic component recorded price falls for grain, sheep, beef and dairy cattle farming (-7.2%), iron and steel manufacturing (-7.2%) and printing and services to printing (-4.7%). These decreases were partially offset by price rises in oil and gas extraction (+6.4%), electricity, gas and water supply (+1.8%) and metal ore mining (+3.8%). The imports component decreased due to price falls in industrial machinery and equipment manufacturing (-6.3%), basic chemical manufacturing (-6.1%), motor vehicle and part manufacturing (-4.9%) and petroleum refining (-7.4%). These decreases were partially offset by price rises in metal ore mining (+5.3%) and other wood product manufacturing (+8.0%).

The decrease of 0.8% in the preliminary (Stage 1) index reflected a fall of 0.3% in the price of domestically produced items and a fall of 3.2% in the price of imported items. The domestic component recorded price falls for iron and steel manufacturing (-7.2%), grain, sheep, beef and dairy cattle farming (-6.2%), property operators and developers (-0.7%) and basic chemical manufacturing (-4.1%). These decreases were partially offset by price rises for oil and gas extraction (+6.4%), electricity, gas and water supply (+1.9%) and services to transport (+4.5%). The imports component decreased due to price falls in basic chemical manufacturing (-6.1%), industrial machinery and equipment manufacturing (-6.3%) and petroleum refining (-6.9%). These decreases were partially offset by price rises in oil and gas extraction (+0.4%), metal ore mining (+5.3%) and basic non-ferrous metal manufacturing (+5.2%).

COMPARISON OF SOP INDEXES: Base: 1998-99 = 100.0
Graph: COMPARISON OF SOP INDEXES: Base: 1998-99 = 100.0



WHERE TO FIND ADDITIONAL COMMENTARY

From the September quarter 2009, commentary for other Producer Price Indexes is available in the entry for Producer Price Indexes, Australia (cat. no. 6427.0) on the ABS website <http://www.abs.gov.au>.

The additional commentary includes:
  • Manufacturing industries producer price indexes
      • Materials used in manufacturing industries
      • Articles produced by manufacturing industries
  • Construction industries producer price indexes
      • Materials used in house building
      • Output of the construction industry
  • Service industries producer price indexes
Diagram: How to find PPI Additional Commentary on the website


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