Producer Prices Index: Stage of Processing: Finished Goods: Total for Australia
Growth rate previous period, Quarterly
AUSPISPFG01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.48
Year-over-Year Change
-138.89%
Date Range
10/1/1998 - 4/1/2023
Summary
This economic indicator measures the quarter-over-quarter growth rate of Australia's total industrial production, providing insight into the overall health and momentum of the Australian 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
The Growth rate previous period, Quarterly series tracks the rate of change in Australia's industrial production on a quarter-to-quarter basis. This metric is widely used by economists and policymakers to assess the country's manufacturing and mining output, which are key drivers of economic growth.
Methodology
The data is collected and calculated by the Australian Bureau of Statistics based on monthly surveys of industrial facilities.
Historical Context
The growth rate of industrial production is a leading indicator that helps inform monetary and fiscal policy decisions.
Key Facts
- Australia is a major global producer of minerals, metals, and other industrial commodities.
- The industrial sector accounts for approximately 26% of Australia's GDP.
- Manufacturing and mining make up over 60% of the country's total industrial output.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the quarter-over-quarter growth rate of Australia's total industrial production, which includes manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The growth rate of industrial production is a key indicator of overall economic health and helps inform policy decisions by central banks and governments.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Australian Bureau of Statistics based on monthly surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: The growth rate of industrial production is a leading indicator that helps policymakers assess the state of the Australian economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (AUSPISPFG01GPQ), retrieved from FRED.