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6427.0.55.005 - Implementation of the Review of the Producer and International Trade Price Indexes , 2012  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 28/09/2012  First Issue
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Contents >> Chapter 4: Terminology Changes used in the Producer and International Trade Price Indexes




TERMINOLOGY CHANGES USED IN THE PRODUCER AND INTERNATIONAL TRADE PRICE INDEXES PUBLICATIONS


4.1 Users of the Producer Price Indexes (PPIs) and International Trade Price Indexes (ITPIs) have found some of the terminology used confusing. As a result, the Australian Bureau of Statistics (ABS) has changed some terminology to better align with international standard terminology as used in the international frameworks, such as the System of National Accounts 2008 (2008 SNA) and the International Monetary Fund's (IMF's) 2004 Producer Price Index Manual. Aligning with international standards will provide clarity of meaning and comparability.

4.2 From the September quarter 2012, the ABS will adopt 2008 SNA terminology when referencing indexes that align with the 2008 SNA. This will result in some changes to PPI series titles.

4.3 Terminology will be updated in related publications (such as the Producer and International Trade Price Indexes: Concepts Sources and Methods) in early 2013.

4.4 Table 4.1 below describes the current terms in use, their meanings and a preferred term supported by current international frameworks and manuals.

TABLE 4.1 - CHANGES TO TERMINOLOGY
TermContextCorresponding 2008 SNA termOutcome
SectorIn the PPI context, sector has been taken to describe groupings of enterprises under an industrial classification such as ANZSIC (Division, Sub–division, Group or Class). Sector should only refer to groupings of institutions of similar ownership and role, such as the private non–financial corporations sector. The correct terminology to describe those enterprises grouped under an industrial classification is Industry. Industry or industry grouping will replace sector.
Materials In the PPI context, materials has been used to describe intermediate inputs into production.The 2008 SNA describes materials (and supplies) as consisting of all products that an enterprise holds in inventory with the intention of using them as intermediate inputs into production.Products (goods and services) will replace Materials.
ArticlesIn the PPI context, articles has been used to describe the result of a process of production.The 2008 SNA describes Products as goods and services that result from a process of production.Products Produced will replace Articles Produced.
Commodity In the PPI context a commodity has been used to describe various states of product, from a raw material to a final good. Commodities are generically described as goods.Product will replace commodity.
ItemsIn the PPI context an item has used to describe the result of a process of production.The 2008 SNA describes Products as goods and services that result from a process of production.Product will replace item.


4.5 As a consequence of Table 4.1 above, there are changes to the titles of the PPIs and Stage of Production (SOP) indexes. Table 4.2 outlines the changes to index titles from the September quarter 2012.

TABLE 4.2 - CHANGES TO INDEX TABLES
Table numberIndex title pre September quarter 2012Table numberIndex title post September quarter 2012
Tables of Stage of Production Producer Price Indexes
Table 1Index numbers by stage and sourceTable 1Index numbers by stage and source
Table 2Percentage changes by stage and sourceTable 2Percentage changes by stage and source
Table 3Final commodities by source and destination Table 3Final demand by source and destination, excluding exports, index numbers
Table 4Percentage change, final commodities by source and destinationTable 4Final demand by source and destination, excluding exports, percentage changes
Table 5Contribution to change in final commodities index by industry and destinationTable 5Contribution to change in Final demand index by industry and destination
Table 6Contribution to change in domestic final commodities index by industry and destinationTable 6Contribution to change in domestic Final demand index by industry and destination
Table 7Contribution to change in imported final commodities index by industry and destinationTable 7Contribution to change in imported Final demand index by industry and destination
Table 8Contribution to change in intermediate commodities index by industry and destinationTable 8Contribution to change in Intermediate demand index by industry and source
Table 9Contribution to change in preliminary commodities index by industry and destinationTable 9Contribution to change in preliminary demand index by industry and source
Additional Tables available on the ABS Website
MANUFACTURING INDUSTRIES PRODUCER PRICE INDEXES
Table 10Articles produced by manufacturing industries, division index numbers and percentage changesTable 12Output of the Manufacturing industries, division, subdivision, group and class index numbers
Table 11Articles produced by manufacturing industries, index numbers for subdivisions, groups and classesTable 13Input to the Manufacturing industries, division and selected industries index numbers and percentage changes
Table 12Materials used in manufacturing industries, index numbers for division and selected materialsTable 14Input to the Manufacturing industries, subdivision index numbers
Table 13Materials used in manufacturing industries, division percentage changesTable 15Metallic input to Fabricated metal products industry, index numbers
Table 14Materials used in manufacturing industries, index numbers for subdivisionsTable 16Copper input to the Other electrical equipment manufacturing industry, index numbers and percentage changes
CONSTRUCTION INDUSTRIES PRODUCE PRICE INDEXES
Table 15 Selected output of Division E – Construction, subdivision and class index numbersTable 17Output of the Construction industries, subdivision and class index numbers
Table 16Materials used in house building, index numbers by state capital cityTable 18Input to the House construction industry, all groups and six state capital cities, index numbers and percentage changes
Table 17Material used in house building, percentage change by state capital city Table 19Asphalt supplied and placed, weighted average of six state capital cities, index numbers
MINING INDUSTRIES PRODUCER PRICE INDEXES
Table 18Materials used in coal mining, index numbers and percentage changesTable 11Input to the Coal mining industry, index numbers and percentage changes
SERVICE INDUSTRIES PRODUCER PRICE INDEX
Table 19Selected output of Division I – Transport, postal and warehousing, group and class index numbersTable 20Output of the Accommodation and food services industries, group index numbers
Table 20 Selected output of Division J – Information media and telecommunications, Division O – Public administration and safety, and Division S – Other services, group and class index numbersTable 21 Output of the Transport, postal and warehousing industries, group and class index numbers
Table 21Selected output of Division L – Rental, hiring and real estate services, subdivision, group and class index numbersTable 22Output of the Information media and telecommunications industries, group and class index numbers
Table 22Selected output of Division M – Professional, scientific and technical services, group and class index numbersTable 23Output of the Rental, hiring and real estate services industries, subdivision, group and class index numbers
Table 23Selected output of Division N – Administrative and support services, group and class index numbersTable 24Output of the Professional, scientific and technical services industries, group and class index numbers
Table 25Output of the Administrative and support services industries, group and class index numbers
Table 26Output of the Public administration and safety industries, group and class index numbers
Table 27Output of the Other services industries, group and class index numbers
STAGE OF PRODUCTION PRODUCER PRICE INDEXES
Table 24Stage of Production :Index numbers, Final commodities by source and destination, including exportsTable 10Final demand by source and destination, including exports, index numbers and percentage changes
Table 25Stage of Production :Percentage change, final commodities by source and destination, including exports
Table 26Price indexes of articles produced by manufacturing industries: contribution of subdivisions and groupsTable 29Output of the Manufacturing industries, subdivision and group index points changes
Table 27 Price indexes of materials used in manufacturing industries: contribution of selected materials Table 28Input to the Manufacturing industries, group index points changes
Table 28Price indexes of materials used in manufacturing industries :Indexes of metallic materials used in the fabricated metal products
Table 29 Price indexes of materials used in house building, All groups index by state capital cities index (index points)Table 30Input to the House construction industry, all groups and six state capital cities, index points changes
Table 30Price indexes of copper materials: Copper materials used in the manufacture of electrical equipment, index numbers and percentage changes
Table 31Price indexes for asphalt supplied and placed: index numbers, weighted average of six state capital cities

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