Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Australia
PRMNTO01AUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.95
Year-over-Year Change
1.14%
Date Range
7/1/1974 - 10/1/2023
Summary
This economic trend measures the production volume of the manufacturing sector in Australia, providing insights into the country's overall 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 output of 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 businesses in Australia.
Historical Context
Policymakers and analysts use this metric to gauge the strength of the Australian economy and inform decision-making.
Key Facts
- Manufacturing accounts for approximately 6% of Australia's GDP.
- Production volume declined by 0.3% in the previous quarter.
- 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 insights into the country's overall 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 Australian economy, and is used by policymakers and analysts to inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing businesses in Australia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the strength of the Australian economy and inform decision-making.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Australia (PRMNTO01AUQ661N), retrieved from FRED.