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Input to the Manufacturing Industries (Price Index of)
 
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NAME OF ORGANISATION
Australian Bureau of Statistics (ABS)


OVERVIEW
The Input to the Manufacturing Industries Price Indexes relate to all products used by Establishments classified to a specific industry. The Input to the Manufacturing Industries Indexes measure changes in the prices of input to the establishments classified to the Manufacturing Division of the Australian and New Zealand Standard Industrial Classification (ANZSIC). Prior to the September quarter 2009, the Input to the Manufacturing industries indexes were constructed on a net sector basis with intra–sector transactions netted out.


From the September quarter 2009 onwards the Input to the Manufacturing industries indexes (Table 13) measures changes in the prices of products used in ANZSIC 2006 Manufacturing industries that have been purchased or transferred in from domestic establishments within or outside the Manufacturing industries, or imported. Similarly, the Input to the Manufacturing industries indexes for subdivisions (Table 14) measure input purchases or transfers within and outside the subdivision. The Price Indexes of Copper input to the other electrical equipment manufacturing industry measure movements in prices for copper materials used in the manufacture of three types of electrical equipment: Industrial electric motors; Distribution transformers; and Power transformers. In concept the Price Indexes of Copper input to the other electrical equipment manufacturing industry are a sub set of the Price Indexes of Input to the Manufacturing Industries.

Note: From June quarter 2001 these indexes are published in Producer Price Indexes, Australia (ABS Cat no. 6427.0).

PURPOSE
The principal purpose of the index is:

        to support the compilation of the Australian National Accounts and Balance of Payments;
        to support inflation monitoring and analysis of the economy as a whole; and
        for contract adjustment purposes ie as the basis for "rise" and "fall" clauses in legal contracts.
SCOPE
Prior to the September quarter 2009, the Input to the Manufacturing industries indexes were constructed on a net sector basis with intra–sector transactions netted out. From the September quarter 2009 onwards the Input to the Manufacturing industries indexes measures changes in the prices of products used in ANZSIC 2006 Manufacturing industries that have been purchased or transferred in from domestic establishments within or outside the Manufacturing industries, or imported. Similarly, the Input to the Manufacturing industries indexes for subdivisions measure input purchases or transfers within and outside the subdivision.


DATA DETAIL

Conceptual framework
The Input to the Manufacturing Industries indexes measure the changes in prices of products used by Australian manufacturing industries.


The valuation basis for the transactions covered by the input to the Manufacturing Industries indexes is purchasers' prices, defined as the amount paid by the purchaser inclusive of any non–deductible taxes on products and transport and trade margins (i.e. the prices recorded in the index should be those relating to products 'delivered into store', 'delivered on site', etc.).

The Price Indexes of Input to the
Manufacturing Industries is:
        a measure of pure price change (that is, it excludes the effects of any changes in quality and quantity)
        a measure of changes in transaction prices (price actually paid, not the list or recommended price)
        a chain of linked indexes with changes in composition and weighting made at regular intervals.
In the September quarter 2012, the indexes were re–weighted based on the Australian National Accounts: Input–Output Tables – Electronic Publication, 2007–08 Final (cat. no. 5209.0.55.001).

The index structures and weighting patterns for the Manufacturing industries input and output ANZSIC 2006 division indexes are presented in the Information Paper: Producer Price Indexes Weighting Patterns, 2012 (cat. no. 6427.0.55.006). Index structures and weighting patterns for the associated ANZSIC 2006 subdivisions and groups are available from the ABS website <http://www.abs.gov.au> as data cubes in that information paper.

The index reference period for each index series is: 2011–12 = 100.0

From the September quarter 2012, the indexes represent an industry, rather than a product (primary to an industry) view.

Main outputs
Price indexes are published for the Manufacturing Division and for Manufacturing Subdivisions and/or Groups.


Classifications
Australian and New Zealand Standard Industrial Classification (ANZSIC), 2006
edition.

Other concepts (summary)
All concepts have been noted in Conceptual Framework.


GEOGRAPHIC DETAIL
Australia


Comments and/or Other Regions
Information collected is sourced from across Australia but is not State specific.

COLLECTION FREQUENCY
Quarterly


Frequency comments
Up to, and including, June 1997 collection was monthly. From that date collection is quarterly.


COLLECTION HISTORY
The materials used in the manufacturing industries index was first published in April 1975 on a reference base of 1968-69 = 100.0. The index had a weighting pattern based on estimated manufacturing materials usage in 1971-72. Monthly index numbers for this first series were compiled for the period July 1968 to November 1985.

A second series was introduced in December 1985, with indexes on a reference base of 1984-85 = 100.0, and the indexes were linked to the previous serious. This second series had a weighting pattern based on estimated manufacturing materials usage in 1977-78.

New indexes were introduced in July 1996 on a reference base of 1989-90 = 100.0 and linked to the previous series. The indexes composition and weighting pattern was based on estimated manufacturing materials usage in 1989-90.

Up to, and including, June 1997 collection was monthly. From that date collection is quarterly.

In the September quarter 2012, the indexes were re–weighted based on the Australian National Accounts: Input–Output Tables – Electronic Publication, 2007–08 Final (cat. no. 5209.0.55.001) and re-referenced to a new index reference period of 2011–12 = 100.0.

The indexes previously published in "Price Indexes of Copper Materials" were first published in the October 1972 issue of Price Indexes of Metallic Materials (ABS Cat no. 6410.0) as the Price Indexes of Copper Materials Used in the Manufacture of Electrical Equipment. In January 1986, the title of that publication was changed and the series for the other metallic materials (iron and steel, aluminium, copper and brass, and zinc) were included in the Materials used in manufacturing industries index.
The previous indexes were introduced in June 1984 on a reference base of 1983-84 = 100.0. The indexes composition and weighting pattern were based on materials usage in 1982-83.
Up to, and including, June 1997 collection was monthly. From that date collection is quarterly.

From September quarter 2012 the Copper materials used in the manufacture of electrical equipment was renamed - Copper input to the other electrical equipment manufacturing industry index; and the index reference period was updated to 2011–12 = 100.0.

From June 2001 all published data is included in Producer price Indexes, Australia (cat. No. 6427.0).

DATA AVAILABILITY
Yes


Data availability comments
All available Data is published in the
Producer Price Indexes, Australia (ABS Cat. no. 6427.0) and is available on the ABS web site <www.abs.gov.au>.

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