• Australian producer price index rose less than expected in Q2

Market news

27 July 2018

Australian producer price index rose less than expected in Q2

Final demand (excl. Exports):

  • Rose 0.3% in the june quarter 2018.

  • Mainly due to rises in the prices received for heavy and civil engineering construction (+1.5%), building construction (+1.2%) and petroleum refining and petroleum fuel manufacturing (+11.9%).

  • Partly offset by falls in the prices received for other agriculture (-2.9%), fishing (-18.9%) and professional and scientific equipment manufacturing (-2.3%).

  • Rose 1.5% through the year to the june quarter 2018.

Intermediate demand:

  • Rose 0.9% in the june quarter 2018.

  • Mainly due to rises in the prices received for petroleum refining and petroleum fuel manufacturing (+11.0%), oil and gas extraction (+9.6%) and sheep, beef cattle and grain farming; and dairy cattle farming (+4.3%).

  • Partly offset by falls in the prices received for real estate services (-2.8%), fishing (-9.2%) and accommodation (-6.4%).

  • Rose 4.1% through the year to the june quarter 2018.

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