6427.0 - Producer Price Indexes, Australia, Jun 2018 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 27/07/2018   
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STAGE OF PRODUCTION COMMENTARY


STAGE OF PRODUCTION (SOP) OVERVIEW

In the June quarter 2018, the Final demand index rose 0.3%, the Intermediate demand index rose 0.9% and the Preliminary demand index rose 1.1%. Through the year to the June quarter 2018, the Final demand index rose 1.5%, the Intermediate demand index rose 4.1% and the Preliminary demand index rose 4.4%.


Final Demand

The rise of 0.3% in the Final demand index in the June quarter 2018 reflected a rise of 0.2% in the prices of domestically produced products and a rise of 1.4% in the prices of imported products.

The domestic component recorded rises in the prices for Heavy and civil engineering construction (+1.5%), Building construction (+1.2%) and Petroleum refining and petroleum fuel manufacturing (+10.6%). Offsetting these rises were falls in the prices for Commercial fishing (-20.0%), Accommodation (-3.9%) and Other agriculture (-3.2%).

The imports component recorded rises in the prices for Petroleum refining and petroleum fuel manufacturing (+14.5%), Other transport equipment manufacturing (+3.9%) and Computer and electronic equipment manufacturing (+1.7%). Partly offsetting these rises were falls in the prices for Clothing manufacturing (-2.1%), Professional and scientific equipment manufacturing (-3.2%) and Motor vehicle and motor vehicle part manufacturing (-0.3%).


Intermediate Demand

The rise of 0.9% in the Intermediate demand index in the June quarter 2018 reflected a rise of 0.6% in the prices of domestically produced products and a rise of 2.8% in the prices of imported products.

The domestic component recorded rises in the prices for Petroleum refining and petroleum fuel manufacturing (+9.8%), Printing and printing support services (+8.6%) and Sheep, beef cattle and grain farming; and dairy cattle farming (+4.3%). Partly offsetting these rises were falls in the price for Real estate services (-2.8%), Accommodation (-12.2%) and Fishing (-10.8%).

The imports component recorded rises in the prices for Petroleum refining and petroleum fuel manufacturing (+12.0%), Oil and gas extraction (+12.2%) and Textile, leather, clothing and footwear manufacturing (+1.5%). Partly offsetting these rises were falls in the prices for Professional and scientific equipment manufacturing (-1.6%), Other food product manufacturing (-3.6%) and Sugar and confectionery manufacturing (-4.1%).


Preliminary Demand

The rise of 1.1% in the Preliminary demand index in the June quarter 2018 reflected a rise of 0.6% in the prices of domestically produced products and a rise of 3.1% in the prices of imported products.

The domestic component recorded rises in the prices for Sheep, beef cattle and grain farming; and dairy cattle farming (+4.8%), Petroleum refining and petroleum fuel manufacturing (+7.8%) and Printing and printing support services (+7.8%). Partly offsetting these rises were falls in the prices for Real estate services (-1.1%), Other agriculture (-2.7%) and Coal mining (-2.7%)

The imports component recorded rises in the prices for Petroleum refining and petroleum fuel manufacturing (+12.2%), Textile, leather, clothing and footwear manufacturing (+1.7%) and Oil and gas extraction (+12.2%). Partly offsetting these rises were falls in the prices for Other food product manufacturing (-2.5%), Professional and scientific equipment manufacturing (-0.8%) and Domestic appliance manufacturing (-3.6%).

Comparison of SOP indexes
Graph: This graph shows the levels of the Preliminary, Intermediate and Final Demand Series