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Financial News: Australia Q3 Final Demand Producer Prices Rise 0.2%

Australia Q3 Final Demand Producer Prices Rise 0.2%

10/26/2017 - 21:30:00 (RTTNews)

(RTTNews) - Final demand producer prices in Australia added 0.2 percent on quarter in the third quarter of 2017, the Australian Bureau of Statistics said on Friday - following the 0.5 percent gain in Q2.

On a yearly basis, final demand prices jumped 1.6 percent - slowing from 1.7 percent in the three months prior.

Final demand domestic prices were up 0.4 percent on quarter and 2.1 percent on year, while import prices fell 1.2 percent on quarter and 1.8 percent on year.

The gains were mainly due to rises in the prices received for electricity, gas and water supply (+4.9 percent), heavy and civil engineering construction (+0.7 percent) and building construction (+0.3 percent).

They were partly offset by falls in the prices received for other agriculture (-11.6 percent), electronic equipment manufacturing (-4.5 percent) and meat and meat product manufacturing (-6.0 percent).

Intermediate demand prices gained 0.6 percent on quarter and 2.5 percent on year.

Intermediate demand domestic prices added 0.8 percent on quarter and 2.6 percent on year, while import prices fell 1.4 percent on quarter and gained 1.4 percent on year.

The gains were mainly due to rises in the prices received for electricity, gas and water supply (+3.3 percent), architectural, engineering and technical services (+2.1 percent) and real estate services (+2.3 percent).

They were partly offset by falls in the prices received for textile, leather, clothing and footwear manufacturing (-1.8 percent) computer and electronic equipment manufacturing (-5.9 percent) and meat and meat product manufacturing (-5.6 percent).

Preliminary demand prices gained 0.5 percent on quarter and 2.3 percent on year.

Preliminary demand domestic prices gained 0.8 percent on quarter and 2.7 percent on year, while import prices fell 1.7 percent on quarter and added 0.9 percent on year.

The gains were mainly due to rises in the prices received for electricity, gas and water supply (+3.4 percent), architectural, engineering and technical services (+2.0 percent) and employment services (+1.9 percent).

They were partly offset by falls in the prices received for textile, leather, clothing and footwear manufacturing (-1.9 percent), electronic equipment manufacturing (-5.9 percent) and meat and meat product manufacturing (-6.5 percent).

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