STAGE OF PRODUCTION COMMENTARY
STAGE OF PRODUCTION (SOP) OVERVIEW
In the December quarter 2011, the final (Stage 3) index rose 0.3%, the intermediate (Stage 2) index rose 0.3% and the preliminary (Stage 1) index rose 0.4%. Through the year to the December quarter 2011, the final (Stage 3) index rose 2.9%, the intermediate (Stage 2) index rose 4.9% and the preliminary (Stage 1) index rose 5.9%.
The rise of 0.3% in the final (Stage 3) index reflected no change in the prices of domestically produced products and a rise of 2.3% in the prices of imported products. Rises in the domestic prices received for motor vehicle and part manufacturing (+3.2%), commercial fishing (+9.0%) and petroleum refining (+2.1%) were offset by falls in the prices received for other agriculture (–21.8%). The imports component recorded rises in the prices for industrial machinery and equipment manufacturing (+4.4%) and clothing manufacturing (+7.1%). The depreciation of the Australian dollar against some of our major trading currencies contributed to this increase. Partly offsetting these rises were falls in the prices for motor vehicle and part manufacturing (–0.8%).
The rise of 0.3% in the intermediate (Stage 2) index reflected an increase of 0.1% in the prices of domestically produced products and a rise of 2.3% in the prices of imported products. The domestic component recorded rises in the prices received for other agriculture (+3.5%), petroleum refining (+2.9%), and electricity, gas and water (+1.4%). Partly offsetting these rises were falls in the prices received for grain, sheep, beef and dairy cattle farming (–4.6%) and basic non–ferrous metal manufacturing (–10.4%). The imports component recorded rises in the prices for oil and gas extraction (+4.4%), petroleum refining (+5.4%) and textile, clothing and footwear manufacturing (+5.7%). The depreciation of the Australian dollar against some of our major trading currencies contributed to this increase. Partly offsetting these rises were falls in the prices for non–ferrous basic metal product manufacturing (–9.3%).
The rise of 0.4% in the preliminary (Stage 1) index reflected an increase of 0.2% in the prices of domestically produced products and a rise of 2.2% in the prices of imported products. The domestic component recorded rises in the prices received for petroleum refining (+2.9%), property operators and developers (+0.8%) and oil and gas extraction (+2.1%). Partly offsetting these rises were falls in the prices received for basic non–ferrous metal manufacturing (–10.4%). The imports component recorded rises in the prices for oil and gas extraction (+4.4%), petroleum refining (+5.1%) and industrial machinery and equipment manufacturing (+3.2%). The depreciation of the Australian dollar against some of our major trading currencies contributed to this increase. Partly offsetting these rises were falls in the prices for basic chemical manufacturing (–1.3%).
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