Australian PPI rose by 0.3% in Q2

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Friday, Jul 27 2018

Australian PPI rose by 0.3% in Q2

Australian PPI rose 0.3% in the June quarter 2018. This was 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%). Rise was partly offset by falls in the prices received for Other agriculture (-2.9%), Fishing (-18.9%) and Professional and scientific equipment manufacturing (-2.3%). PPI rose 1.5% through the year to the June quarter 2018.

Intermediate demand rose 0.9% in the June quarter 2018. This was 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%). It was partly offset by falls in the prices received for Real estate services (-2.8%), Fishing (-9.2%) and Accommodation (-6.4%). Intermediate demand rose 4.1% through the year to the June quarter 2018.

More in this category: « Canadian CPI rose 2.5% German import prices in June 2018: +4.8% on June 2017 »

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