Australia Producer Prices Rise 0.1% In Q4
30 January 2015 - 2:00PM
RTTF1
Final demand producer prices in Australia added 0.1 percent on
quarter in the fourth quarter of 2014, the Australian Bureau of
Statistics said on Friday.
That follows the 0.2 percent increase in the third quarter.
On a yearly basis, final demand producer prices gained 1.1
percent - slowing from 1.2 percent in the previous three
months.
Domestic prices were down 0.1 percent on quarter and up 0.9
percent on year, while import prices added 3.3 percent on quarter
and 4.1 percent on year.
The increase was mainly due to gains in the prices received for
building construction (+0.6 percent), other transport equipment
manufacturing (+5.8 percent) and computer and electronic equipment
manufacturing (+5.5 percent)
The gains were partly offset by falls in the prices received for
petroleum refining and petroleum fuel manufacturing (-11.7
percent).
Intermediate demand producer prices fell 0.2 percent on quarter
and added 0.4 percent on year. Domestic prices were down 0.3
percent on quarter and up 0.5 percent on year, while import prices
added 0.2 percent on quarter but fell 0.8 percent on year.
The decrease was mainly due to falls in the prices received for
oil and gas extraction (-12.9 percent) and petroleum refining and
petroleum fuel manufacturing (-11.7 percent).
The declines were partly offset by rises in the prices received
for textile, leather, clothing and footwear manufacturing (+5.7
percent).
Preliminary demand producer prices dipped 0.4 percent on quarter
and 0.1 percent on year. Domestic prices were down 0.4 percent on
quarter and flat on year, while import prices tumbled 0.7 percent
on quarter and 1.4 percent on year.
The declines were mainly due to falls in the prices received for
oil and gas extraction (-12.8 percent), petroleum refining and
petroleum fuel manufacturing (-12.3 percent) and metal ore mining
(-5.0 percent).
The decliners were partly offset by rises in the prices received
for textile, leather, clothing and footwear manufacturing (+5.9
percent) and basic polymer manufacturing (+4.5 percent).
Also on Friday, the Reserve Bank of Australia said that total
private sector credit in Australia was up 0.5 percent on month in
December - in line with expectations and unchanged from the
previous month.
On a yearly basis, credit jumped 5.9 percent - also matching
forecasts and unchanged from November.
Housing credit added 0.6 percent on month and 7.1 percent on
year, while personal credit was flat on month and added 0.9 percent
on year and business credit gained 0.5 percent on month and 4.8
percent on year.
The M3 money stock advanced 0.7 percent on quarter and 7.7
percent on year.