Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Release Date
ABS @ Facebook ABS @ Twitter ABS RSS ABS Email notification service
6427.0 - Producer Price Indexes, Australia, Mar 2011  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 21/04/2011   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

STAGE OF PRODUCTION COMMENTARY


STAGE OF PRODUCTION (SOP) OVERVIEW

In the March quarter 2011, the final (Stage 3) index recorded an increase of 1.2%, the intermediate (Stage 2) index recorded an increase of 2.3% and the preliminary (Stage 1) index recorded an increase of 2.6%. Through the year to March quarter 2011, the final (Stage 3) index increased by 2.9%, the intermediate (Stage 2) index increased by 4.4% and the preliminary (Stage 1) index increased by 5.5%.

The increase of 1.2% in the final (Stage 3) index reflected a rise of 1.4% in the price of domestically produced items, partly offset by a fall of 0.3% in the price of imported items. The domestic component recorded rises in the prices received for petroleum refining (+12.7%), other agriculture (+13.7%) and electricity, gas and water (+2.7%). Partly offsetting these rises were falls in the prices received for commercial fishing (-7.6%). The imports component decreased due to falls in the prices for industrial machinery and equipment manufacturing (-2.6%), motor vehicle and part manufacturing (-1.2%) and other chemical product manufacturing (-3.5%). Partly offsetting these falls were rises in the prices for petroleum refining (+14.8%).

The increase of 2.3% in the intermediate (Stage 2) index reflected a rise of 2.3% in the price of domestically produced items and a rise of 2.0% in the price of imported items. The domestic component recorded rises in the prices received for grain, sheep, beef and dairy cattle farming (+9.4%), petroleum refining (+15.1%) and oil and gas extraction (+11.7%). Partly offsetting these rises were falls in the prices received for iron and steel manufacturing (-2.5%). The imports component increased due to rises in the prices for oil and gas extraction (+10.6%), petroleum refining (+10.4%) and basic chemical manufacturing (+3.6%). Partly offsetting these rises were falls in the prices for motor vehicle and part manufacturing (-3.2%).

The increase of 2.6% in the preliminary (Stage 1) index reflected a rise of 2.4% in the price of domestically produced items and a rise of 3.9% in the price of imported items. The domestic component recorded rises in the prices received for petroleum refining (+15.1%), grain, sheep, beef and dairy cattle farming (+10.6%) and oil and gas extraction (+11.7%). Partly offsetting these rises were falls in the prices received for iron and steel manufacturing (-2.5%). The imports component increased due to rises in the prices for oil and gas extraction (+10.6%), petroleum refining (+10.2%) and basic chemical manufacturing (+3.6%). Partly offsetting these rises were falls in the prices for motor vehicle and part manufacturing (-3.2%).

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



WHERE TO FIND ADDITIONAL COMMENTARY

Additional commentary for 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


Bookmark and Share. Opens in a new window

Commonwealth of Australia 2014

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.