Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Australia
AUSPROINDQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.18
Year-over-Year Change
0.24%
Date Range
7/1/1974 - 10/1/2023
Summary
This trend measures the production volume of the Australian industrial sector, excluding construction. It serves as a key indicator of overall economic activity and performance.
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 Volume: Economic Activity: Industry (Except Construction) for Australia trend provides a comprehensive measure of the production output across the country's manufacturing, mining, and utilities industries. It is a closely watched indicator for economists and policymakers to gauge the health and trajectory of the broader Australian economy.
Methodology
The data is collected through surveys of industrial producers and compiled by the Australian Bureau of Statistics.
Historical Context
This metric is used to inform economic policy decisions and provide insight into consumer and business demand trends.
Key Facts
- Australia is a major industrial economy.
- The industrial sector accounts for over a quarter of the country's GDP.
- Production volumes can signal changes in consumer and business confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production output of Australia's industrial sector, excluding construction. It provides a comprehensive gauge of manufacturing, mining, and utilities activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of overall economic performance and is closely watched by economists, policymakers, and investors to assess the health and trajectory of the Australian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial producers and compiled by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: This indicator is used to inform economic policy decisions and provide insight into consumer and business demand trends.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the Australian Bureau of Statistics, with minimal delays in reporting.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Australia (AUSPROINDQISMEI), retrieved from FRED.