OVERVIEW
In current price terms, most major indicators of activity for the Australian manufacturing industry increased, during 2005-06: sales and service income (up 6%), industry value added (IVA) (up 4%), earnings before interest, tax, depreciation and amortisation (EBITDA) (up 2%) and export sales of goods produced (up 1%) all increased in current price terms. There were significant price impacts evident in two industry subdivisions, Petroleum, coal chemical and associated product manufacturing and Metal Product manufacturing, which drove this current price increase. These are discussed in more detail in the industry subdivision analysis. Illustrating the impact of the price increases, Table 1.2 in this publication shows that the chain volume measure of gross value added for the manufacturing industry actually decreased slightly, by 0.4%, over the same period. Indicators not directly influenced by price impacts, such as wages and salaries, employment and net capital expenditure, also recorded increases. Manufacturers paid $51.0b in wages and salaries in 2005-06, 5% more than in 2004-05, and employment increased by 1%. The increase in net capital expenditure was 21% (from $14.4b to $17.4b).
SELECTED VARIABLES, 2004-05 AND 2005-06
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