STAGE OF PRODUCTION COMMENTARY
STAGE OF PRODUCTION (SOP) OVERVIEW
In the September quarter 2017, the Final demand index rose 0.2%, the Intermediate demand index rose 0.6% and the Preliminary demand index rose 0.5%. Through the year to the September quarter 2017, the Final demand index rose 1.6%, the Intermediate demand index rose 2.5% and the Preliminary demand index rose 2.3%.
The rise of 0.2% in the Final demand index in the September quarter 2017 reflected a rise of 0.4% in the prices of domestically produced products and a fall of 1.2% in the prices of imported products.
The domestic component recorded rises in the prices for Electricity, gas and water supply (+5.0%), Heavy and civil engineering construction (+0.7%) and Building Construction (+0.4%). Partly offsetting these rises were falls in the prices for Other agriculture (-12.3%) and Meat and meat product manufacturing (-6.3%).
The imports component recorded falls in the prices for Electronic equipment manufacturing (-5.0%), Other transport equipment manufacturing (-3.0%) and Other manufacturing (-3.9%). Partly offsetting these falls were rises in the prices for Photographic and scientific equipment manufacturing (+2.0%) and Tobacco product manufacturing (+2.1%).
The rise of 0.6% in the Intermediate demand index in the September quarter 2017 reflected a rise of 0.8% in the prices of domestically produced products and a fall of 1.4% in the prices of imported products.
The domestic component recorded rises in the prices for Electricity, gas and water supply (+3.3%), Architectural, engineering and technical services (+2.3%) and Real estate services (+2.3%). Partly offsetting these rises were falls in the price for Meat and meat product manufacturing (-5.8%) and Other agriculture (-4.0%).
The imports component recorded falls in the prices for Textile, clothing, footwear and leather manufacturing (-2.0%), Electronic equipment manufacturing (-6.5%) and Oil and gas extraction (-6.1%). Partly offsetting these falls were rises in the prices for Pharmaceutical and medical product manufacturing (+5.9%), Electrical equipment manufacturing (+1.4%) and Petroleum refining (+0.8%).
The rise of 0.5% in the Preliminary demand index in the September quarter 2017 reflected a rise of 0.8% in the prices of domestically produced products and a fall of 1.7% in the prices of imported products.
The domestic component recorded rises in the prices for Electricity, gas and water supply (+3.4%), Architectural, engineering and technical services (+2.1%) and Employment services (+1.9%). Partly offsetting these rises were falls in Meat and meat product manufacturing (-6.6%).
The imports component recorded falls in the prices for Textile, clothing, footwear and leather manufacturing (-2.1%), Electronic equipment manufacturing (-6.4%) and Oil and gas extraction (-5.9%). Partly offsetting these falls were rises in the prices for Electrical equipment and appliance manufacturing (+1.9%), Non-ferrous basic metal product manufacturing (+3.8%), and Basic chemical manufacturing (+3.2%).
Comparison of SOP indexes
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