Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for Australia
Index 2015=100
LORSGPORAUQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.10
Year-over-Year Change
16.06%
Date Range
1/1/1960 - 4/1/2023
Summary
The Index 2015=100 measures the volume of real output in the services sector of the Australian economy. It is a key indicator of economic activity and a crucial metric for policymakers and analysts.
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 Index 2015=100 tracks the real output or production levels of the Australian services sector. It serves as a comprehensive measure of the overall performance and health of this critical segment of the economy.
Methodology
The data is collected and calculated by the Australian Bureau of Statistics through surveys of service providers.
Historical Context
The services index is closely monitored by the Reserve Bank of Australia and other economic institutions to assess macroeconomic conditions and guide policy decisions.
Key Facts
- Base year is 2015 with an index value of 100.
- Services make up around 70% of Australia's GDP.
- Index reached a record high of 114.7 in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100 measures the volume or output of the services sector in the Australian economy, providing a comprehensive gauge of activity in this critical industry.
Q: Why is this trend relevant for users or analysts?
A: The services index is a crucial macroeconomic indicator that helps policymakers and analysts assess the overall health and performance of the Australian economy.
Q: How is this data collected or calculated?
A: The data is collected by the Australian Bureau of Statistics through surveys of service providers across the country.
Q: How is this trend used in economic policy?
A: The services index is closely monitored by the Reserve Bank of Australia and other institutions to evaluate macroeconomic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The index is published quarterly by the Australian Bureau of Statistics, with a typical release lag of around 2-3 months.
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Citation
U.S. Federal Reserve, Index 2015=100 (LORSGPORAUQ661S), retrieved from FRED.