mainly due to rises in the prices received for Electricity, gas and water supply (+3.4%), Heavy and civil engineering construction (+0.6%) and Petroleum refining and petroleum fuel manufacturing (+3.8%).
partly offset by falls in the prices received for Pharmaceutical and medicinal product manufacturing (-1.6%), Commercial fishing (-10.4%) and Oil and fat manufacturing (-5.5%).
rose 1.7% through the year to the March quarter 2018.
The full text of this article is available to MacroBusiness subscribers
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
