STAGE OF PRODUCTION COMMENTARY
STAGE OF PRODUCTION (SOP) OVERVIEW
In the September quarter 2012, the Final demand index rose 0.6%, the Intermediate demand index rose 0.1% and the Preliminary demand index fell 0.2%. Through the year to the September quarter 2012, the Final demand index rose 1.1%, the Intermediate demand index rose 1.5% and the Preliminary demand index rose 1.2%.
The rise of 0.6% in the Final demand index reflected an increase of 0.9% in the prices of domestically produced products and a fall of 2.3% in the prices of imported products. The domestic component recorded rises in the prices received for electricity supply; gas supply; and water supply, sewerage and drainage services (+10.9%) and other agriculture (+26.8%). Partly offsetting these rises were falls in the prices received for petroleum refining and petroleum fuel manufacturing (-8.3%) and motor vehicle and motor vehicle part manufacturing (-4.2%). The imports component recorded falls in the prices for pharmaceutical and medicinal product manufacturing (-12.1%) and petroleum refining and petroleum fuel manufacturing (-17.5%). The appreciation of the Australian dollar against all of our major trading currencies contributed to this decrease. Partly offsetting these falls were rises in the prices for motor vehicle and motor vehicle part manufacturing (+0.5%) and other fabricated metal product manufacturing (+0.7%).
The rise of 0.1% in the Intermediate demand index reflected an increase of 0.6% in the prices of domestically produced products and a fall of 3.6% in the prices of imported products. The domestic component recorded rises in the prices received for electricity supply; gas supply; and water supply, sewerage and drainage services (+6.0%), legal and accounting services (+3.3%) and other agriculture (+6.8%). Partly offsetting these rises were falls in the prices received for petroleum refining and petroleum fuel manufacturing (-5.8%). The imports component recorded falls in the prices for oil and gas extraction (-12.1%) and petroleum refining and petroleum fuel manufacturing (-7.9%). The appreciation of the Australian dollar against all of our major trading currencies contributed to this decrease. Partly offsetting these falls were rises in the prices for natural rubber product manufacturing (+2.6%).
The fall of 0.2% in the Preliminary demand index reflected an increase of 0.2% in the prices of domestically produced products and a fall of 4.0% in the prices of imported products. The domestic component recorded rises in the prices received for electricity supply; gas supply; and water supply, sewerage and drainage services (+5.7%), legal and accounting services (+2.8%) and road freight transport (+2.5%). Partly offsetting these rises were falls in the prices received for metal ore mining (-5.5%) and petroleum refining and petroleum fuel manufacturing (-5.7%).The imports component recorded falls in the prices for oil and gas extraction (-12.8%) and petroleum refining and petroleum fuel manufacturing (-6.9%). The appreciation of the Australian dollar against all of our major trading currencies contributed to this decrease. Partly offsetting these falls were rises in the prices for cleaning compound and toiletry preparation manufacturing (+12.5%).
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