STAGE OF PRODUCTION COMMENTARY
STAGE OF PRODUCTION (SOP) OVERVIEW
In the June quarter 2012, the final (Stage 3) index rose 0.5%, the intermediate (Stage 2) index rose 0.7% and the preliminary (Stage 1) index rose 0.9%. Through the year to the June quarter 2012, the final (Stage 3) index rose 1.1%, the intermediate (Stage 2) index rose 1.4% and the preliminary (Stage 1) index rose 1.4%.
The rise of 0.5% in the final (Stage 3) index reflected an increase of 0.3% in the prices of domestically produced products and a rise of 1.9% in the prices of imported products. The domestic component recorded rises in the prices received for other agriculture (+10.9%), petroleum refining (+4.9%) and building construction (+0.1%). Partly offsetting these rises were falls in the prices received for commercial fishing (-12.2%) and accommodation (-5.6%). The imports component recorded rises in the prices for industrial machinery and equipment manufacturing (+2.4%) and clothing manufacturing (+3.8%). Partly offsetting these rises were falls in the prices for beverage and malt manufacturing (-2.2%).
The rise of 0.7% in the intermediate (Stage 2) index reflected an increase of 0.4% 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 received for electricity, gas and water supply (+4.9%) and petroleum refining (+2.1%). Partly offsetting these rises were falls in the prices received for commercial fishing (-17.5%). The imports component recorded rises in the prices for oil and gas extraction (+6.5%), basic chemical manufacturing (+6.2%) and petroleum refining (+3.6%). Partly offsetting these rises were falls in the prices for iron and steel manufacturing (-2.2%).
The rise of 0.9% in the preliminary (Stage 1) index reflected an increase of 0.5% in the prices of domestically produced products and a rise of 3.8% in the prices of imported products. The domestic component recorded rises in the prices received for electricity, gas and water supply (+4.2%), other mining (+6.4%) and petroleum refining (+2.1%). Partly offsetting these rises were falls in the prices received for oil and gas extraction (-2.6%) and grain, sheep, beef and dairy cattle farming (-2.5%). The imports component recorded rises in the prices for oil and gas extraction (+6.5%), basic chemical manufacturing (+6.2%) and petroleum refining (+3.6%). Partly offsetting these rises were falls in the prices for paper and paper product manufacturing (-2.2%) and iron and steel manufacturing (-1.9%).
COMPARISON OF SOP INDEXES: Base: 1998-99 = 100.0
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:
- Manufacturing industries producer price indexes
- Materials used in manufacturing industries
- Articles produced by manufacturing industries
- Construction industries producer price indexes
- Materials used in house building
- Output of the construction industry
- Service industries producer price indexes
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