Australian Bureau of Statistics
6427.0 - Producer Price Indexes, Australia, Mar 2005
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 26/04/2005
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MARCH QUARTER KEY FIGURES
INTERMEDIATE (STAGE 2) COMMODITIES
PRELIMINARY (STAGE 1) COMMODITIES
CHANGES IN THIS ISSUE
There are no changes in this issue.
For more information about statistics in this publication and about other 'ABS data available on request', contact Steve Whennan on Canberra (02) 6252 6251, or email <firstname.lastname@example.org>.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Steve Whennan on Canberra (02) 6252 6251.
COMPARISON OF SOP INDEXES
MANUFACTURING INDUSTRIES PRODUCER PRICE INDEXES
During the March quarter 2005, the prices paid by manufacturers for their material inputs fell by -3.0%, while the prices they received for their outputs fell by -0.9%. These falls were partially driven by the appreciation of the Australian dollar against all major currencies. The input price index increased by 8.7% through the year to March quarter 2005 and the output price index increased by 6.0% during the same period.
Falls in the price of crude oil (both domestic and imported), cattle and calves, and plastic materials were the main contributors to the quarterly result for the materials used in manufacturing industries index. Price increases for flat rolled iron and steel products, and whole milk products provided some offsets.
Lower prices for petrol, diesel and kerosene accounted for the bulk of the decrease in the articles produced by manufacturing industries index for the March quarter 2005. These decreases were partially offset by increases in prices for cigarettes and tobacco, zinc and alumina.
ARTICLES PRODUCED BY MANUFACTURING INDUSTRIES: All Groups, Quarterly % change
MATERIALS USED IN MANUFACTURING INDUSTRIES: All Groups, Quarterly % change
CONSTRUCTION INDUSTRIES PRODUCER PRICE INDEXES
The price indexes for materials used in house building increased by 0.7% in the March quarter 2005, reflecting price increases for a range of materials. The most significant contributors to the increase were softwood, plastic pipes and fittings, terracotta tiles and concrete tiles. Small offsetting price falls were recorded for clay bricks and ceramic sanitaryware. Increases were recorded in all state capitals, ranging from 0.2% in Brisbane to 1.2% in Perth.
Through the year to March quarter 2005, the materials used in house building index rose 3.6%.
Materials Used in House Building: All Groups, Quarterly % change
The price index for the output of the general construction industry increased by 1.8% in the March quarter 2005 and by 7.6% through the year to March quarter 2005. Increases were registered in the quarter for all component industries, with the index for non-residential building construction being the largest contributor, followed by house construction, residential building construction other than houses, and road and bridge construction.
Contributing to the movement in the general construction industry price indexes this quarter were increases in subcontractor rates and the cost of labour and material inputs. The increase in subcontractor rates and labour costs was mainly due to continuing high demand for building trades and shortages of skilled labour. An increase in the cost of steel products, cement and concrete products had a considerable impact on material inputs.
Output of the General Construction industry: All Groups, Quarterly % change
SERVICE INDUSTRIES PRODUCER PRICE INDEXES
The property and business services industries price index increased by 0.6% in the March quarter 2005 and by 2.1% through the year to March quarter 2005. The property services price index increased by 1.2% this quarter with increases for both industrial property operators and retail property operators. These increases were partially offset by small decreases for short-term motor vehicle hiring and real estate management fees. Through the year to March quarter 2005, the property services index rose 3.6%.
Property and Business Services industries: All Groups, Quarterly % change
The business services index rose 0.3% in the March quarter 2005 and by 1.4% through the year to March quarter 2005. The main contributors to the increase were contract staff services and accounting services. These increases were partially offset by decreases in computer consultancy and business management consultancy services.
The transport (freight) and storage industries index fell by -0.4% in the March quarter 2005. The most significant contributors with price falls were international air and sea freight, and rail bulk freight. The most significant contributors with price increases were road freight furniture removal and express road freight. Through the year to March quarter 2005 the transport (freight) and storage industries index rose by 3.0%.
Transport (Freight) and Storage industries: All Groups, Quarterly % change
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This page last updated 20 June 2006