6427.0 - Producer Price Indexes, Australia, Dec 2014 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 30/01/2015   
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STAGE OF PRODUCTION COMMENTARY


STAGE OF PRODUCTION (SOP) OVERVIEW

In the December quarter 2014, the Final demand index rose 0.1%, the Intermediate demand index fell 0.2% and the Preliminary demand index fell 0.4%. Through the year to the December quarter 2014, the Final demand index rose 1.1%, the Intermediate demand index rose 0.4% and the Preliminary demand index fell 0.1%.

The rise of 0.1% in the Final demand index in the December quarter 2014 reflected a fall of 0.1% in the prices of domestically produced products and a rise of 3.3% in the prices of imported products. The domestic component recorded falls in the prices received for petroleum refining and petroleum fuel manufacturing (-13.7%). Partly offsetting these falls were rises in the prices received for building construction (+0.6%). The imports component recorded rises in the prices for computer and electronic equipment manufacturing (+6.7%), other transport equipment manufacturing (+8.9%) and furniture and other product manufacturing (+7.0%). Partly offsetting these rises were falls in the prices for dairy product manufacturing (-9.0%), and petroleum refining and petroleum fuel manufacturing (-3.2%).

The fall of 0.2% in the Intermediate demand index in the December quarter 2014 reflected a fall of 0.3% in the prices of domestically produced products and a rise of 0.2% in the prices of imported products. The domestic component recorded falls in the prices received for petroleum refining and petroleum fuel manufacturing (-12.7%) and oil and gas extraction (-9.2%). Offsetting these falls were rises in the prices received for accommodation (+9.8%). The imports component recorded rises in the prices for textile, leather, clothing and footwear manufacturing (+8.0%), furniture and other product manufacturing (+8.2%) and computer and electronic equipment manufacturing (+5.2%). Partly offsetting these rises were falls in the prices for oil and gas extraction (-15.1%) and petroleum refining and petroleum fuel manufacturing (-10.1%).

The fall of 0.4% in the Preliminary demand index in the December quarter 2014 reflected a fall of 0.4% in the prices of domestically produced products and a fall of 0.7% in the prices of imported products. The domestic component recorded falls in the prices received for petroleum refining and petroleum fuel manufacturing (-13.3%), metal ore mining (-7.3%) and oil and gas extraction (-9.2%). Partly offsetting these falls were rises in the prices received for rental and hiring services (except real estate) (+1.4%). The imports component recorded falls in the prices for oil and gas extraction (-15.1%) and petroleum refining and petroleum fuel manufacturing (-10.5%). Partly offsetting these falls were rises in the prices for textile, leather, clothing and footwear manufacturing (+8.3%) and computer and electronic equipment manufacturing (+6.0%).

Comparison of SOP indexes
Graph: Comparison of SOP indexes



WHERE TO FIND ADDITIONAL COMMENTARY

Additional commentary for Producer Price Indexes is available in the entry for Producer Price Indexes, Australia (cat. no. 6427.0) on the ABS website <https://www.abs.gov.au>.

The additional commentary includes:
  • Mining industries producer price indexes
      • Input to the Coal mining industry
  • Manufacturing industries producer price indexes
      • Input to the Manufacturing industries
      • Output of the Manufacturing industries
  • Construction industries producer price indexes
      • Input to the House construction industry
      • Output of the Construction industries
  • Services industries producer price indexes
      • Output of the Services industries
Diagram: Additional Commentary image