6427.0 - Producer Price Indexes, Australia, Dec 2019 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 31/01/2020   
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Key statistics

Final demand (excluding exports)

    • rose 0.3% this quarter
    • rose 1.4% over the 12 months to December 2019 quarter
    • rises in accommodation (+5.7%), petroleum refining and petroleum fuel manufacturing (+4.9%) and other agriculture (+4.1%)
    • falls in sugar and confectionary manufacturing (-4.6%) and dairy product manufacturing (-1.4%).

Key figures
Sep 19 Qtr to Dec 19 Qtr
Dec 18 Qtr to Dec 19 Qtr
Stage of production
% change
% change

Final demand (excl. exports)
0.3
1.4



Stage of Production Final Demand
Graph: This graph shows the level of the Stage of Production Final Demand series.


Stage of Production Final Demand, Quarterly % change
Graph: This graph shows the quarterly movements for the Stage of Production, Final Demand series


Changes in future issues

From December 2019 quarter, the ABS will only publish the Final Demand (excluding exports) series. For further advice on this change please refer to the notice published in the September 2019 quarter release.

Final Demand is now published as a contribution to Final Demand by Industry and the following Tables and Data Cubes have been modified to accommodate the changes:
  • Table 1 Final demand (formerly Tables 1, 2, 3, 4 and 10 Stage of Production), Index Numbers and Percentage Changes, will now contain Final Demand, total, series ID numbers A2314865F, A2314866J and A2314867K only.
  • Table 5 Final demand (formerly Table 5 Stage of Production): Contribution to Final demand index by industry - index points, will now contain Final Demand, Total Index points by Industry, current and previous quarter only.

The following Tables and Data Cubes have been discontinued to accommodate the above changes:
  • Table 6 Stage of Production: Contribution to Domestic Final demand index by industry and destination - index points.
  • Table 7 Stage of Production: Contribution to Imported Final demand index by industry and destination - index points.
  • Table 8 Stage of Production: Contribution to Intermediate demand index by industry and source - index points.
  • Table 9 Stage of Production: Contribution to Preliminary demand index by industry and source - index points.

The ABS will focus on enhancing industry indexes and expanding coverage of the PPIs to inform an economy wide view of producer price inflation, through:
  • Improved Industry level coverage.
  • Frequent re-weighting of PPI Indexes.

The ABS welcomes feedback on these changes to further the ongoing enhancements of Producer Price Indexes. For any questions or feedback relating to this change, please contact us at prices.statistics@abs.gov.au.

The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to us.


Rounding

Any discrepancies between totals and sums of components in this publication are due to rounding.


Use of Price Indexes in Contracts

Price indexes published by the Australian Bureau of Statistics (ABS) provide summary measures of the movements in various categories of prices over time. They are published primarily for use in Government economic analysis. Price indexes are also often used in contracts by businesses and government to adjust payments and/or charges to take account of changes in categories of prices (Indexation Clauses).

Use of Price Indexes in Contracts sets out a range of issues that should be taken into account by parties considering including an Indexation Clause in a contract using an ABS published price index.


Additional information

The ABS has published the quarterly Producer Price Index for the Output of the Retail Trade Price Index (RTPI) from 25 February 2014. The RTPI is released as an additional update of the Producer Price Indexes, Australia publication (ABS cat. no. 6427.0). The RTPI will be released in electronic format as a data cube on the ABS website on 25 February 2020.