6427.0 - Producer Price Indexes, Australia, Sep 2019 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 01/11/2019
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September key statistics
Intermediate demand rose 0.2% this quarter, due to:
Preliminary demand rose 0.2% this quarter, due to:
Stage of Production Final Demand
Stage of Production Final Demand, Quarterly % change
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.
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:
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.
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.
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