Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Australia
AUSPROCONQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.11
Year-over-Year Change
12.25%
Date Range
7/1/1974 - 10/1/2023
Summary
This economic trend measures construction production volume in Australia, providing insight into the state of the Australian construction industry and broader economic activity.
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
The Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Australia series tracks the volume of production in the Australian construction sector. It serves as an important indicator of overall economic conditions and construction industry performance.
Methodology
The data is collected and calculated by the Australian Bureau of Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the health of the Australian economy.
Key Facts
- Construction is a key sector in the Australian economy.
- Production volume can signal changes in economic growth and investment.
- This data is released quarterly by the Australian Bureau of Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume in the Australian construction industry, providing insight into the level of construction activity and broader economic conditions.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the health of the Australian economy, as the construction industry is a significant contributor to GDP and employment.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the overall state of the Australian economy and inform policy decisions.
Q: Are there update delays or limitations?
A: This data is released quarterly, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Australia (AUSPROCONQISMEI), retrieved from FRED.