Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Australia
PRMNTO01AUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.03
Year-over-Year Change
-6.58%
Date Range
1/1/1975 - 1/1/2023
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, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Australia series tracks the volume of production in the Australian manufacturing industry. It serves as a key indicator of the health and performance of the broader economy.
Methodology
The data is collected through surveys of manufacturing companies and compiled by the Australian Bureau of Statistics.
Historical Context
Policymakers and analysts use this metric to assess the strength of the Australian economy and guide economic decision-making.
Key Facts
- Manufacturing accounts for approximately 6% of Australia's GDP.
- Production volumes have fluctuated due to global supply chain disruptions.
- The manufacturing sector employs over 900,000 people in Australia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of the manufacturing sector in Australia, providing insight into the overall state of economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the health and performance of the broader Australian economy, and is used by policymakers and analysts to guide economic decision-making.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing companies and compiled by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of the Australian economy and guide economic decision-making.
Q: Are there update delays or limitations?
A: The data is released on a regular basis, but may be subject to revisions and delays due to the nature of the survey-based collection process.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Australia (PRMNTO01AUA661N), retrieved from FRED.