Daily
This dataset tracks daily over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
2/1/1960 - 7/31/2022
Summary
The 'Daily' economic indicator tracks the daily change in real GDP for Australia. It provides timely, high-frequency insights into the country's economic performance.
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 'Daily' series estimates the daily gross domestic product (GDP) for Australia based on a range of real-time economic data. It serves as an early indicator of economic trends and can help analysts and policymakers assess the current state of the Australian economy.
Methodology
The data is calculated using advanced statistical models that incorporate multiple high-frequency data sources.
Historical Context
The 'Daily' GDP indicator is widely used by economists, investors, and policymakers to monitor the Australian economy in near real-time.
Key Facts
- The 'Daily' series provides a daily estimate of GDP growth for Australia.
- It is a leading indicator of the country's overall economic performance.
- The data is updated daily, allowing for timely analysis of economic conditions.
FAQs
Q: What does this economic trend measure?
A: The 'Daily' indicator tracks the daily change in real GDP for Australia, providing a high-frequency measure of the country's economic activity.
Q: Why is this trend relevant for users or analysts?
A: The 'Daily' GDP data offers timely insights into the current state of the Australian economy, which is crucial for policymakers, investors, and analysts making informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated using advanced statistical models that incorporate multiple high-frequency data sources.
Q: How is this trend used in economic policy?
A: The 'Daily' GDP indicator is widely used by economists, policymakers, and institutions to monitor the Australian economy in near real-time and inform policy decisions.
Q: Are there update delays or limitations?
A: The 'Daily' data is updated daily, providing timely insights into the Australian economy. However, there may be minor revisions to the historical data as more information becomes available.
Related News
Federal Reserve's Interest Rate Policy and Economic Dissent
Interest Rate Debate: The Federal Reserve’s Dissent and Policy Implications The effective federal funds rate affects various aspects of daily life, including mortgage payments and savings returns. This rate forms the crux of economic policy overseen by the Federal Reserve, the entity responsible for adjusting interest rates to steer the U.S. economy. Currently, a range of opinions exists regarding these adjustments, as debates within the Federal Reserve persist about balancing inflation managem
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures struggle to show a definite trend despite favorable economic signals. These signals, such as jobless claims and Q2 GDP figures, suggest a healthy economy. Given the roles of the stock market and the Federal Reserve's decisions on rate hikes, it is surprising to witness this stagnation. Inflation trends and the Fed's signals about future policies pla
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. jobless claims decline to lowest level since mid-July
U.S. Jobless Claims Drop: A Positive Sign for Economic Growth The U.S. economy is signaling a positive turn as the initial jobless claims have dropped to their lowest level since mid-July, suggesting a more resilient labor market. This decline in jobless claims is not just a number; it reflects crucial dynamics in the U.S. economy and employment landscape. As people file fewer claims for unemployment benefits, it suggests a strengthening employment market and a recovering economy. Also, the cur
U.S. Trade Deficit Decreases As Businesses Anticipate Tariff Hikes
U.S. Trade Deficit Reaches Two-Year Low Amid Anticipated Tariff Hikes The recent announcement that the U.S. trade deficit has reached a two-year low signals significant developments for the national economy. This change may, in part, be influenced by the anticipation of tariff hikes, which are affecting trade patterns. As this event unfolds, it has implications for the U.S. GDP, underscoring the importance of reducing the trade deficit. Trade tensions have long shaped the global economic landsc
U.S. Treasury Yields Increase Amid Strong Economic Growth and Inflation Concerns
Treasury Yields Surge Amid Economic Growth and Inflation Concerns Treasury yields are surging as investors closely monitor the evolving U.S. economic landscape. Recent data 10-year Treasury yield. With economic growth on one side and inflation data on the other, it's essential to unpack these complex dynamics. By analyzing these factors, we gain insights into the Federal Reserve's role in shaping monetary policy and the consequential market implications. The Federal Reserve's policies, market v
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, Daily (AUSRECDP), retrieved from FRED.