Producer Prices Index: Economic Activities: Manufacturing: Domestic for Australia
PIEAMP02AUQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.96
Year-over-Year Change
84.31%
Date Range
7/1/1969 - 1/1/2023
Summary
The Producer Prices Index for Economic Activities: Manufacturing: Domestic in Australia measures the changes in prices received by domestic producers for their manufacturing output. This metric is a key indicator of inflationary pressures and production costs 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 Producer Prices Index (PPI) tracks the average change in prices received by domestic producers for their goods and services. The Manufacturing: Domestic PPI specifically measures price trends for domestically-produced manufactured products, providing insight into the cost dynamics facing Australian manufacturers and their customers.
Methodology
The Australian Bureau of Statistics collects PPI data through surveys of producers across the manufacturing sector.
Historical Context
Policymakers and economists monitor the PPI to assess the state of producer inflation and its potential impact on consumer prices and overall economic conditions.
Key Facts
- The PPI for Manufacturing: Domestic reached a record high in Q4 2022.
- Australia's PPI has risen at a faster pace than consumer inflation since mid-2021.
- Elevated producer prices pose challenges for manufacturers' profit margins.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Economic Activities: Manufacturing: Domestic in Australia measures changes in the prices received by domestic producers for their manufacturing output.
Q: Why is this trend relevant for users or analysts?
A: The Manufacturing: Domestic PPI provides insight into inflationary pressures and production cost dynamics facing Australian manufacturers, which is crucial information for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The Australian Bureau of Statistics collects PPI data through surveys of producers across the manufacturing sector.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor the PPI to assess the state of producer inflation and its potential impact on consumer prices and overall economic conditions.
Q: Are there update delays or limitations?
A: The PPI data is released quarterly by the Australian Bureau of Statistics, with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacturing: Domestic for Australia (PIEAMP02AUQ659N), retrieved from FRED.