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Financial News: Australia Final Demand Producer Prices Advance 0.4% On

Australia Final Demand Producer Prices Advance 0.4% On Quarter In Q1

04/29/2021 - 21:50:00 (RTTNews)

(RTTNews) - Final demand producer prices were up 0.4 percent on quarter in the first quarter of 2021, the Australian Bureau of Statistics said on Friday - slowing from 0.5 percent in the previous three months.

On a yearly basis, producer prices gained 1.0 percent - slowing from 1.6 percent in the three months prior.

There were price rises in petroleum refining and petroleum fuel manufacturing (+20.6 percent), building construction (+0.5 percent) and accommodation (+5.8 percent).

These were offset by falls in electronic equipment manufacturing (-5.3 percent), other transport equipment manufacturing (-3.1 percent) and furniture and other manufacturing (-1.7 percent).

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