Final demand in Australia increased by 1.3% in the June 2026 quarter and 3.6% annually, driven by rising energy prices and supply chain disruptions. The surge followed the closure of the Strait of Hormuz, which impacted oil flows and elevated costs for crude oil, petrol, and diesel. Key contributors included petroleum refining (+37.5%), property operators (+1.0%), and heavy construction (+2.3%). Seasonal declines in accommodation services (-12.3%) partially offset gains. The manufacturing sector saw output rise 2.2%, with petroleum and coal products leading growth. Construction output increased 1.4%, fueled by house building. A comprehensive reweight of Producer Price Indexes will occur in September 2026, aligning with updated economic data.
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This article is a summary of content originally published by the Australian Bureau of Statistics.
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