Production: Manufacturing: Total Manufacturing for Australia
PRMNTO01AUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.73
Year-over-Year Change
-227.86%
Date Range
10/1/1974 - 1/1/2025
Summary
This economic trend measures total manufacturing production in Australia. It serves as a key indicator of the overall health and performance of the Australian manufacturing sector.
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: Manufacturing: Total Manufacturing for Australia metric tracks the volume of goods produced by Australian manufacturing industries. It is a widely followed indicator used by economists, policymakers, and market analysts to assess the state of the country's industrial economy.
Methodology
The data is collected through surveys of manufacturing businesses and compiled by the Australian Bureau of Statistics.
Historical Context
This trend provides insights into the broader Australian economy and can inform policy decisions, investment strategies, and economic forecasting.
Key Facts
- Australia is the 14th largest manufacturing economy in the world.
- Manufacturing accounts for around 6% of Australia's GDP.
- The sector employs over 900,000 people in Australia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of goods produced by the manufacturing industries in Australia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a comprehensive view of the health and performance of the Australian manufacturing sector, which is a crucial component of the country's overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing businesses and compiled by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the state of the Australian industrial economy and inform policy decisions, investment strategies, and economic forecasting.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly basis, with a lag of around 1-2 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Total Manufacturing for Australia (PRMNTO01AUQ657S), retrieved from FRED.