Leading Indicators OECD: Component Series: Construction: Normalised for Australia
AUSLOCODWNOSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.51
Year-over-Year Change
-0.66%
Date Range
1/1/1960 - 11/1/2023
Summary
The Leading Indicators OECD: Component Series: Construction: Normalised for Australia measures changes in the Australian construction industry, a key indicator of economic health and growth.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index tracks leading indicators related to the construction sector in Australia, providing insights into the near-term outlook for the broader economy. Economists and policymakers closely monitor these leading indicators to anticipate future economic trends.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD).
Historical Context
This leading indicator is used to inform economic policy decisions and guide market analysts.
Key Facts
- The index is normalized with a base year of 2015.
- Construction is a key sector for the Australian economy.
- Leading indicators help predict future economic trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in leading indicators related to the construction industry in Australia, providing insights into the near-term outlook for the broader economy.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator is closely monitored by economists and policymakers to anticipate future economic trends and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD).
Q: How is this trend used in economic policy?
A: This leading indicator is used to guide market analysts and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the OECD's data collection and reporting processes.
Related Trends
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Real Imports of Goods and Services for Australia
NMRSAXDCAUQ
Infra-Annual Labor Statistics: Unemployment Male: From 25 to 54 Years for Australia
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International Merchandise Trade Statistics: Exports: Commodities for Australia
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Component Series: Construction: Normalised for Australia (AUSLOCODWNOSTSAM), retrieved from FRED.