STAGE OF PRODUCTION COMMENTARY
STAGE OF PRODUCTION (SOP) OVERVIEW
n the September quarter 2014, the Final demand index rose 0.2%, the Intermediate demand index fell 0.1% and the Preliminary demand index fell 0.4%. Through the year to the June quarter 2014, the Final demand index rose 1.2%, the Intermediate demand index rose 0.9% and the Preliminary demand index rose 0.6%.
The rise of 0.2% in the Final demand index in the September quarter 2014 reflected a rise of 0.2% in the prices of domestically produced products and a fall of 0.4% in the prices of imported products. The domestic component recorded rises in the prices received for building construction (+1.0%) and other agriculture (+3.5%). Partly offsetting these rises were falls in the prices received for electricity supply; gas supply; and water supply, sewerage and drainage services (-3.6%) petroleum refining and petroleum fuel manufacturing (-5.6%). The imports component recorded falls in the prices for pharmaceutical and medicinal product manufacturing (-3.0%) and specialised machinery and equipment manufacturing (-1.2%). Partly offsetting these falls were rises in the prices for other machinery and equipment manufacturing (+4.3%).
The fall of 0.1% in the Intermediate demand index in the September quarter 2014 reflected no change in the prices of domestically produced products and a fall of 1.0% in the prices of imported products. The domestic component recorded rises in the prices received for legal and accounting services (+1.9%) and employment services (+1.9%). Offsetting these rises were falls in the prices received for electricity supply; gas supply; and water supply, sewerage and drainage services (-4.6%) and oil and gas extraction (-8.3%). The imports component recorded falls in the prices for petroleum refining and petroleum fuel manufacturing (-5.8%) and oil and gas extraction (-2.0%). Partly offsetting these falls were rises in the prices for electrical equipment manufacturing (+2.4%) and seafood processing (+5.5%).
The fall of 0.4% in the Preliminary demand index in the September quarter 2014 reflected a fall of 0.3% in the prices of domestically produced products and a fall of 1.0% in the prices of imported products. The domestic component recorded falls in the prices received for electricity supply; gas supply; and water supply, sewerage and drainage services (-4.5%) and oil and gas extraction (-8.3%). Partly offsetting these falls were rises in the prices received for employment services (+1.9%) and architectural, engineering and technical services (+1.3%). The imports component recorded falls in the prices for petroleum refining and petroleum fuel manufacturing (-5.8%) and oil and gas extraction (-2.1%). Partly offsetting these falls were rises in the prices for electrical equipment manufacturing (+1.5%) and other machinery and equipment manufacturing (+2.7%).
Comparison of SOP indexes
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:
- Mining industries producer price indexes
- Input to the Coal mining industry
- Manufacturing industries producer price indexes
- Input to the Manufacturing industries
- Output of the Manufacturing industries
- Construction industries producer price indexes
- Input to the House construction industry
- Output of the Construction industries
- Services industries producer price indexes
- Output of the Services industries
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