Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Australia
PRINTO01AUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.23
Year-over-Year Change
31.63%
Date Range
1/1/1975 - 1/1/2023
Summary
This economic trend measures the production volume of the Australian industrial sector, excluding construction. It serves as an important indicator of the overall health and activity of 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 Production Volume: Economic Activity: Industry (Except Construction) for Australia metric tracks the output and production levels of various industries in the country, providing insights into the broader economic conditions and trends.
Methodology
The data is collected through surveys and reports from Australian businesses and industries.
Historical Context
Policymakers and analysts use this metric to assess the strength and direction of the Australian economy.
Key Facts
- Australia is the world's 13th largest economy.
- The industrial sector accounts for over a quarter of Australia's GDP.
- This metric is released monthly by the Australian Bureau of Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of the Australian industrial sector, excluding construction. It provides an overview of the output and activity levels of various industries in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the overall health and direction of the Australian economy, helping policymakers and analysts assess the strength of industrial activity and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from Australian businesses and industries.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate the performance of the Australian economy and inform policy decisions related to industrial development, trade, and overall economic management.
Q: Are there update delays or limitations?
A: The data is released monthly by the Australian Bureau of Statistics, with a typical delay of several weeks.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Australia (PRINTO01AUA661N), retrieved from FRED.