Leading Indicators OECD: Component Series: Construction: Original Series for Australia
AUSLOCODWORMLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,808.48
Year-over-Year Change
-5.25%
Date Range
1/1/1960 - 11/1/2023
Summary
The Leading Indicators OECD: Component Series: Construction: Original Series for Australia measures a leading indicator of economic activity in the Australian construction sector, which is a key driver of the broader 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
This index tracks changes in leading indicators like new orders, production, and employment within the Australian construction industry. It is used by policymakers and analysts to anticipate broader economic trends and inform decision-making.
Methodology
The data is collected through surveys of construction firms and compiled by the OECD.
Historical Context
This leading indicator provides timely insights into the health of the Australian construction sector and overall economy.
Key Facts
- Australia is a major advanced economy in the Asia-Pacific region.
- The construction industry accounts for over 7% of Australia's GDP.
- Leading indicators can signal economic shifts up to 6 months in advance.
FAQs
Q: What does this economic trend measure?
A: This index tracks leading indicators of activity in the Australian construction sector, including new orders, production, and employment.
Q: Why is this trend relevant for users or analysts?
A: The construction industry is a key driver of the broader Australian economy, so this leading indicator provides valuable insights into overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and compiled by the OECD.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this leading indicator to anticipate broader economic trends and inform decision-making.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
Related Trends
Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Australia
MANMM101AUM189S
National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Australia
NAEXCP07AUQ189S
Private Final Consumption Expenditure Implicit Price Deflator in Australia
AUSPCEDEFQISNAQ
Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Australia
ODCNPI03AUQ189S
Work Started: Construction: Dwellings and Residential Buildings: Total for Australia
WSCNDW01AUQ189N
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Australia
PRINTO01AUQ661N
Citation
U.S. Federal Reserve, Leading Indicators OECD: Component Series: Construction: Original Series for Australia (AUSLOCODWORMLSAM), retrieved from FRED.