Australian PPI rose by 0.6%

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Friday, Feb 02 2018

Australian PPI rose by 0.6%

Australian PPI rose 0.6% in the December quarter 2017. The increase was mainly due to rises in the prices received for Petroleum refining and petroleum fuel manufacturing (+11.9%), Heavy and civil engineering construction (+0.7%) and Building construction (+0.4%). It was partly offset by falls in the prices received for Sugar and confectionery manufacturing (-3.9%), Tobacco product manufacturing (-3.8%) and Sheep, beef cattle and grain farming; and dairy cattle farming (-3.6%). It rose 1.7% through the year to the December quarter 2017.

Intermediate demand rose 1.2% in the December quarter 2017. This was mainly due to rises in the prices received for Electricity, gas and water supply (+2.9%), Petroleum refining and petroleum fuel manufacturing (+11.3%) and Oil and gas extraction (+14.5%). It was partly offset by falls in the prices received for Textile, leather, clothing and footwear manufacturing (-1.5%), Motor vehicle and part manufacturing (-1.9%) and Sugar and confectionery manufacturing (-7.6%).

More in this category: « ISM Manufacturing PMI declined less than expected Number of unemployed in Spain increased by 63,747 »

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