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Producer prices in Australia were up 0.1 percent in the third quarter of 2009 compared to the previous three months, the Australian Bureau of Statistics said on Monday. That was below expectations for a 0.3 percent increase following the 0.8 percent quarterly decline in Q2.
On an annual basis, producer prices were up 0.2 percent versus forecasts for a 0.5 percent increase after the 2.1 percent gain in the previous three months.
The mild increase was mainly due to price increases in electricity, gas and water, bakery product manufacturing and petroleum refining. The numbers were partially offset by price decreases in computer services, industrial machinery and equipment manufacturing.
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