Composite Leading Indicators: Reference Series (GDP) Trend for Australia
AUSLORSGPTDSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.69
Year-over-Year Change
2.40%
Date Range
2/1/1960 - 8/1/2023
Summary
The Composite Leading Indicators: Reference Series (GDP) Trend for Australia is a key economic indicator that provides insights into the future direction of the Australian economy. It measures the cyclical movements in Australia's GDP growth.
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 leading indicator tracks the overall trajectory of the Australian economy, helping policymakers and analysts anticipate changes in economic conditions. It is a valuable tool for forecasting GDP growth and informing decision-making.
Methodology
The data is collected and calculated by the OECD based on a composite of various economic variables.
Historical Context
This trend is widely used by government agencies, central banks, and financial institutions to inform economic policies and investment strategies.
Key Facts
- The indicator is part of the OECD's Composite Leading Indicators system.
- It is a forward-looking measure that helps predict turning points in the business cycle.
- Australia's Composite Leading Indicators Trend has been published since the 1960s.
FAQs
Q: What does this economic trend measure?
A: The Composite Leading Indicators: Reference Series (GDP) Trend for Australia measures the cyclical movements in the country's GDP growth, providing insights into the future direction of the Australian economy.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator is a valuable tool for policymakers, economists, and investors as it helps them anticipate changes in economic conditions and inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD based on a composite of various economic variables.
Q: How is this trend used in economic policy?
A: This trend is widely used by government agencies, central banks, and financial institutions to inform economic policies and investment strategies.
Q: Are there update delays or limitations?
A: The Composite Leading Indicators: Reference Series (GDP) Trend for Australia is published regularly by the OECD, with minimal update delays.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Reference Series (GDP) Trend for Australia (AUSLORSGPTDSTSAM), retrieved from FRED.