6427.0 - Producer Price Indexes, Australia, Sep 2015 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 30/10/2015   
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STAGE OF PRODUCTION COMMENTARY

STAGE OF PRODUCTION (SOP) OVERVIEW



In the September quarter 2015, the Final demand index rose 0.9%, the Intermediate demand index rose 0.7% and the Preliminary demand index rose 0.6%. Through the year to the September quarter 2015, the Final demand index rose 1.7%, the Intermediate demand index rose 0.9% and the Preliminary demand index was unchanged.

The rise of 0.9% in the Final demand index in the September quarter 2015 reflected a rise of 0.6% in the prices of domestically produced products and a rise of 3.1% in the prices of imported products. The domestic component recorded rises in the prices for building construction (+0.5%), grain, sheep, beef and dairy cattle farming (+14.0%), and accommodation (+7.9%). Partly offsetting these rises were falls in the prices for petroleum refining and petroleum fuel manufacturing (–9.0%). The imports component recorded rises in the prices for computer and electronic equipment manufacturing (+3.5%), other transport equipment manufacturing (+5.3%) and clothing manufacturing (+7.3%). Partly offsetting these rises were falls in the prices for petroleum refining and petroleum fuel manufacturing (–8.8%).

The rise of 0.7% in the Intermediate demand index in the September quarter 2015 reflected a rise of 0.4% in the prices of domestically produced products and a rise of 2.4% in the prices of imported products. The domestic component recorded rises in the prices received for grain, sheep, beef and dairy cattle farming (+8.8%). Offsetting these rises were falls in electricity, gas and water supply (–3.0%). The imports component recorded rises in the prices for textile, clothing, footwear and leather manufacturing (+4.7%), computer and electronic equipment manufacturing (+2.9%) and other fabricated metal (+5.6%). Partly offsetting these rises were falls in the prices for oil and gas extraction (–15.9%) and petroleum refining and petroleum fuel manufacturing (–8.9%).

The rise of 0.6% in the Preliminary demand index in the September quarter 2015 reflected a rise of 0.3% in the prices of domestically produced products and a rise of 2.0% in the prices of imported products. The domestic component recorded rises in the prices for grain, sheep, beef and dairy farming (+9.0%). Partly offsetting these rises were falls in the prices for electricity, gas and water supply (–3.1%). The imports component recorded rises in the prices for textile, clothing, footwear and leather manufacturing (+4.3%), computer and electronic equipment manufacturing (+3.0%) and polymer product manufacturing (+4.2%). Partly offsetting these rises were falls in the prices for oil and gas extraction (–16.0%) and petroleum refining and petroleum fuel manufacturing (–8.5%).

Comparison of SOP indexes

Graph: Comparison of SOP indexes