6427.0 - Producer Price Indexes, Australia, Sep 2009  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 26/10/2009   
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STAGE OF PRODUCTION COMMENTARY


STAGE OF PRODUCTION (SOP) OVERVIEW

In September quarter 2009, the final (Stage 3) index recorded an increase of 0.1%, the intermediate (Stage 2) index recorded a decrease of 0.6%, and the preliminary (Stage 1) index recorded a decrease of 0.5%. Through the year to September quarter 2009, the final (Stage 3) index increased by 0.2%, the intermediate (Stage 2) index decreased by 4.9% and the preliminary (Stage 1) index decreased by 7.5%.

The increase of 0.1% in the final (Stage 3) index reflected a rise of 1.0% in the price of domestically produced items and a fall of 5.1% in the price of imported items. The domestic component price rises in electricity, gas and water supply (+12.1%), bakery product manufacturing (+10.4%) and petroleum refining (+6.3%) were offset by price falls in computer services (-7.1%) and other agriculture (-5.6%). The imports component decreased due to price falls for industrial machinery and equipment manufacturing (-7.9%), electronic equipment manufacturing (-11.0%), other manufacturing (-9.0%) and other transport equipment manufacturing (-8.9%). These decreases were partially offset by price rises in beverage and malt manufacturing (+5.8%) and petroleum refining (+3.9%).

The decrease of 0.6% in the intermediate (Stage 2) index reflected a fall of 0.6% in the price of domestically produced items and a fall of 1.0% in the price of imported items. The domestic component recorded price falls for coal mining (-19.4%), property operators and developers (-2.9%) and iron and steel manufacturing (-8.0%). These decreases were partially offset by price rises in electricity, gas and water supply (+4.5%), oil and gas extraction (+12.4%) and petroleum refining (+5.1%). The imports component decreased due to price falls in industrial machinery and equipment manufacturing (-10.1%), basic chemical manufacturing (-8.1%), textile, clothing, footwear and leather manufacturing (-8.1%) and electronic equipment manufacturing (-9.3%). These decreases were partially offset by price rises in oil and gas extraction (+24.6%) and petroleum refining (+9.3%).

The decrease of 0.5% in the preliminary (Stage 1) index reflected a fall of 0.9% in the price of domestically produced items and a rise of 2.2% in the price of imported items. The domestic component recorded price falls for coal mining (-19.4%), iron and steel manufacturing (-8.0%), property operators and developers (-2.9%) and metal ore mining (-14.0%). These decreases were partially offset by price rises for oil and gas extraction (+12.4%), electricity, gas and water supply (+6.1%) and petroleum refining (+5.1%). The imports component increased due to price rises in oil and gas extraction (+24.6%), petroleum refining (+10.8%) and iron and steel manufacturing (+1.5%). These increases were partially offset by price falls in basic chemical manufacturing (-8.1%), industrial machinery and equipment manufacturing (-9.9%) and textile, clothing, footwear and leather manufacturing (-8.2%).

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 <https://www.abs.gov.au>.

The additional commentary will cover:
  • 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

To access the additional commentary, use the link to 'Additional Commentary' that is available in the navigation pane as shown below.

Diagram: WHERE To FIND ADDITIONAL COMMENTARY