6427.0 - Producer Price Indexes, Australia, Sep 2019 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 01/11/2019   
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September key statistics

Final demand (excluding exports) rose 0.4% this quarter, due to:

  • Heavy and civil engineering construction (+0.6%), Dairy product manufacturing (+4.1%) and Sheep, beef cattle and grain farming; and dairy cattle farming (+5.2%) due to higher meat prices.
  • Offsetting contributors were Petroleum refining and petroleum fuel manufacturing (-3.9%), Other transport equipment manufacturing (-2.0%) and Other agriculture (-1.0%).
  • Rose 1.6% over the last twelve months.


Intermediate demand rose 0.2% this quarter, due to:
  • Textile, leather, clothing and footwear manufacturing (+2.1%), Architectural, engineering and technical services (+1.6%) and Legal and accounting services (+1.4%).
  • Offsetting contributors were Electricity supply; gas supply; and water supply, sewerage and drainage services (-1.9%), Oil and gas extraction (-6.5%) and Petroleum refining and petroleum fuel manufacturing (-4.6%).
  • Rose 0.6% over the last twelve months.


Preliminary demand rose 0.2% this quarter, due to:
  • Textile, leather, clothing and footwear manufacturing (+2.1%), Metal ore mining (+11.2%) and Basic non-ferrous metal manufacturing (+5.3%).
  • Offsetting contributors were Electricity supply; gas supply; and water supply, sewerage and drainage services (-1.9%), Petroleum refining (-5.3%) and Sheep, beef cattle and grain farming; and dairy cattle farming (-5.3%) due to falling wool prices.
  • Rose 0.9% over the last twelve months.


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

Final demand (excl. exports)
0.4
1.6
Domestic
0.5
1.5
Imports
0.4
2.6
Intermediate demand
0.2
0.6
Domestic
0.2
0.8
Imports
0.4
0.4
Preliminary demand
0.2
0.9
Domestic
0.1
0.9
Imports
0.5
0.8



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 this issue

The Producer Price Indexes, Australia (cat. no. 6427.0) publication has published 1811 Industrial gas manufacturing in Table 12 Output of the manufacturing industries, division, subdivision, group and class index numbers, despite the notice placed in the June quarter publication.

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.


Changes in future issues

The Australian Bureau of Statistics (ABS) has undertaken a review of the Producer Price Index (PPI) Stage of Production (SOP) outputs. As a result, the ABS is proposing discontinuing the SOP time series from December 2019 quarter.

The consultation process of the review identified more detailed analysis and coverage of industry indexes is more desired than SOP outputs. The ABS will focus its effort to enhancing the industry indexes and expanding coverage of the PPI's.

The discontinued tables and data cubes will include:
  • Tables 1, 2, 3, 4 and 10. Stage of Production, Index Numbers and Percentage Changes
  • Table 5 Stage of Production: Contribution to Final demand index by industry and source - index points
  • 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

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 26 November 2019.