STAGE OF PRODUCTION COMMENTARY
STAGE OF PRODUCTION (SOP) OVERVIEW
In the March quarter 2012, the final (Stage 3) index fell 0.3%, the intermediate (Stage 2) index rose 0.3% and the preliminary (Stage 1) index rose 0.1%. Through the year to the March quarter 2012, the final (Stage 3) index rose 1.4%, the intermediate (Stage 2) index rose 2.8% and the preliminary (Stage 1) index rose 3.4%.
The fall of 0.3% in the final (Stage 3) index reflected a decrease of 0.1% in the prices of domestically produced products and a decrease of 1.5% in the prices of imported products. The domestic component recorded falls in the prices received for other agriculture (-17.7%) and building construction (-0.2%). Partly offsetting these falls were rises in the prices received for electricity, gas and water supply (+2.1%) and tobacco product manufacturing (+8.6%). The imports component recorded falls in the prices for industrial machinery and equipment manufacturing (-3.5%) and other chemical product manufacturing (-6.8%). Partly offsetting these falls were rises in the prices for petroleum refining (+5.8%).
The rise of 0.3% in the intermediate (Stage 2) index reflected an increase of 0.5% in the prices of domestically produced products and a decrease of 1.4% in the prices of imported products. The domestic component recorded rises in the prices received for petroleum refining (+3.4%), structural metal product manufacturing (+3.3%) and road freight transport (+1.0%). Partly offsetting these rises were falls in the prices received for coal mining (-4.5%) and metal ore mining (-3.2%). The imports component recorded falls in the prices for basic chemical manufacturing (-4.2%), industrial machinery and equipment manufacturing (-2.9%) and electrical equipment and appliance manufacturing (-3.0%). Partly offsetting these falls were rises in the prices for petroleum refining (+2.1%).
The rise of 0.1% in the preliminary (Stage 1) index reflected an increase of 0.2% in the prices of domestically produced products and a decrease of 1.3% in the prices of imported products. The domestic component recorded rises in the prices received for petroleum refining (+3.4%), oil and gas extraction (+2.3%) and property operators and developers (+0.7%). Partly offsetting these rises were falls in the prices received for coal mining (-4.5%) and metal ore mining (-4.9%). The imports component recorded falls in the prices for basic chemical manufacturing (-4.2%), paper and paper product manufacturing (-4.4%) and industrial machinery and equipment manufacturing (-2.8%). Partly offsetting these falls were rises in the prices for petroleum refining (+3.1%).
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 <
https://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
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