Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for Australia
LORSGPORAUQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.07
Year-over-Year Change
-136.02%
Date Range
1/1/1961 - 4/1/2023
Summary
The Composite Leading Indicators: Reference Series (GDP) tracks leading economic indicators in Australia, providing early signals of turning points in the business cycle. This data is crucial for policymakers and analysts to anticipate and respond to changes in the Australian economy.
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 Composite Leading Indicators: Reference Series (GDP) is a composite index that aggregates multiple leading economic indicators to forecast changes in Australia's gross domestic product (GDP). This index is widely used by economists and policymakers to monitor the business cycle and make informed decisions.
Methodology
The data is collected and calculated by the OECD based on a range of economic variables.
Historical Context
This leading indicator helps policymakers and market participants understand and respond to changes in the broader Australian economy.
Key Facts
- The index is a composite of multiple leading indicators.
- It is used to anticipate changes in the Australian business cycle.
- The data is published monthly by the OECD.
FAQs
Q: What does this economic trend measure?
A: The Composite Leading Indicators: Reference Series (GDP) measures a composite index of leading economic indicators in Australia, providing early signals of turning points in the business cycle.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator is crucial for policymakers and market participants to understand and respond to changes in the broader Australian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD based on a range of economic variables.
Q: How is this trend used in economic policy?
A: This leading indicator helps policymakers and analysts anticipate and respond to changes in the Australian business cycle, informing economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the OECD, with no known significant update delays or limitations.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for Australia (LORSGPORAUQ659S), retrieved from FRED.