Australia Producer Rates Climb 0.6% In Q4

By | February 2, 2018

Last demand producer prices in Australia were up 0.6 percent on quarter in the fourth quarter of 2017, the Australian Bureau of Statistics stated on Friday – following the 0.2 percent gain in the three months prior.

The increase was generally due to increases in the prices got for petroleum refining and petroleum fuel manufacturing (+11.9 percent), heavy and civil engineering building and construction (+0.7 percent) and structure construction (+0.4 percent).

They were partly balanced out by falls in the costs received for sugar and confectionery production (-3.9 percent), tobacco product production (-3.8 percent) and sheep, beef cattle and grain farming; and dairy cattle farming (-3.6 percent).

On an annual basis, manufacturer costs leapt 1.7 percent – up from 1.6 percent in Q3.

Intermediate demand producer prices were up 1.2 percent on quarter and 3.1 percent on year, while preliminary need manufacturer costs advanced 1.3 percent on quarter and 3.0 percent on year.

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