Final demand (excluding exports)
- rises in other agriculture (+11.2%), tertiary education (+1.6%) and electricity supply; gas supply; and water supply, sewerage and drainage services (+1.1%)
- falls in petroleum refining and petroleum fuel manufacturing (-14.1%) and accommodation (-5.6%).
|Dec 19 Qtr to Mar 20 Qtr||Mar 19 Qtr to Mar 20 Qtr|
|Final demand||% change||% change|
|Final demand (excl. exports)||0.2||1.3|
Index reference period: 2011-12 - 100.0
Changes in this issue
The March quarter 2020 issue of the Producer Price Indexes includes re-weighted price indexes for:
- 3101 Road and bridge construction.
- 3109 Other heavy and civil engineering construction.
Any discrepancies between totals and sums of components in this publication are due to rounding.
Use of price indexes in contracts
Price indexes published by the Australian Bureau of Statistics (ABS) provide summary measures of the movements in various categories of prices over time. They are published primarily for use in Government economic analysis. Price indexes are also often used in contracts by businesses and government to adjust payments and/or charges to take account of changes in categories of prices (Indexation Clauses).
Use of Price Indexes in Contracts sets out a range of issues that should be taken into account by parties considering including an Indexation Clause in a contract using an ABS published price index.
The compilation of the quarterly Producer Price Index for the Output of the Retail Trade Industry, normally released as an additional update of the Producer Price Indexes, Australia (ABS cat. No. 6427.0), has been paused indefinitely as a result of changing priorities within the ABS as a result of the COVID-19 pandemic.
The Retail Trade Margins Survey, which collects data for this index was paused after despatch and every effort was made to contact respondents to inform them that the data was no longer required. The response rate for the March 2020 quarter of the Retail Trade Margin Survey was 2.6%.