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Australia Q1 PPI +0.9%; Most Industries Rise

AUSTRALIA DATA
MNI (Singapore)

Final demand (excluding exports)

  • Rose 0.9% this quarter.
  • Rose 4.3% over the past twelve months.

The main contributors to quarterly growth in Final demand were:

  • Property operators (+2.1%), driven by fees linked to increased rents as demand for rental dwellings outstrips supply.
  • Tertiary education (+5.3%), due to rising operating costs and higher tuition fees.
  • Residential building construction (+1.3%), due to ongoing skilled labour and material shortages, particularly for the finishing stages of house building.
  • Non-residential building construction (+1.8%), driven by competition with other sectors for skilled labour and materials, and increasing margins applied to manage resource availability risk.

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