Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Australia
BSCICP03AUM665S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.24
Year-over-Year Change
0.30%
Date Range
2/1/1966 - 11/1/2023
Summary
The Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Australia measures the confidence and expectations of Australian businesses, providing an early signal of economic trends.
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 indicator is a composite index that tracks various business sentiment measures, including production expectations, orders, and employment, to assess the overall confidence and outlook of the Australian private sector. It is used by economists and policymakers to anticipate changes in the business cycle and inform economic policy decisions.
Methodology
The data is collected through surveys of Australian businesses and compiled by the Organisation for Economic Co-operation and Development (OECD).
Historical Context
The Composite Business Confidence Indicator is closely monitored by the Reserve Bank of Australia and other government agencies to gauge the health of the Australian economy.
Key Facts
- The indicator ranges from 0 to 100, with 100 representing the highest level of business confidence.
- Australia's Composite Business Confidence Indicator reached a record high of 101.7 in May 2021.
- The indicator is adjusted for seasonal variations and amplitude to provide a more reliable signal of economic trends.
FAQs
Q: What does this economic trend measure?
A: The Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Australia measures the overall confidence and expectations of Australian businesses, providing an early signal of economic trends.
Q: Why is this trend relevant for users or analysts?
A: This indicator is closely monitored by economists, policymakers, and market analysts to anticipate changes in the Australian business cycle and inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Australian businesses and compiled by the Organisation for Economic Co-operation and Development (OECD).
Q: How is this trend used in economic policy?
A: The Composite Business Confidence Indicator is closely monitored by the Reserve Bank of Australia and other government agencies to gauge the health of the Australian economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a relatively short delay, providing timely information on business sentiment in Australia.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Australia (BSCICP03AUM665S), retrieved from FRED.