Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Australia
AUSPROMANQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.12
Year-over-Year Change
1.53%
Date Range
7/1/1974 - 10/1/2023
Summary
This economic trend measures the production volume of the manufacturing sector in Australia, providing insight into the overall state of 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 Volume: Economic Activity: Manufacturing for Australia series tracks the volume of manufacturing production, reflecting the health and dynamics of the Australian industrial sector. This metric is a key indicator used by economists and policymakers to assess the broader state of the Australian economy.
Methodology
The data is collected through surveys of manufacturing firms in Australia.
Historical Context
Monitoring this trend helps inform economic and policy decisions that impact the manufacturing industry and the overall Australian economy.
Key Facts
- Australia is a major global manufacturer of metals, machinery, and transportation equipment.
- Manufacturing accounts for around 6% of Australia's GDP.
- The production volume index has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of the manufacturing sector in Australia, providing insights into the overall state of economic activity.
Q: Why is this trend relevant for users or analysts?
A: Monitoring this trend helps inform economic and policy decisions that impact the manufacturing industry and the broader Australian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms in Australia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of the Australian industrial sector and the broader economy.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Australia (AUSPROMANQISMEI), retrieved from FRED.