Leading Indicators OECD: Component Series: Business Tendencies Survey: Production: Original Series for Australia
LOCOBPORAUQ460S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.00
Year-over-Year Change
-186.67%
Date Range
1/1/1966 - 7/1/2023
Summary
The Leading Indicators OECD: Component Series: Business Tendencies Survey: Production: Original Series for Australia measures business sentiment and expectations for production in Australia.
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 business leaders' qualitative assessments of current and expected production levels, providing an early indicator of economic conditions. It is used by economists and policymakers to gauge the near-term outlook for the Australian economy.
Methodology
The data is collected through surveys of business executives across various sectors.
Historical Context
The index informs monetary and fiscal policy decisions in Australia.
Key Facts
- The index ranges from 0 to 100, with values above 50 indicating expansion.
- It is released monthly with a 1-2 month lag.
- Australia is a member of the OECD, a group of 38 developed economies.
FAQs
Q: What does this economic trend measure?
A: This index tracks business leaders' qualitative assessments of current and expected production levels in Australia.
Q: Why is this trend relevant for users or analysts?
A: The index provides an early indicator of economic conditions and is used by economists and policymakers to gauge the near-term outlook for the Australian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business executives across various sectors.
Q: How is this trend used in economic policy?
A: The index informs monetary and fiscal policy decisions in Australia.
Q: Are there update delays or limitations?
A: The index is released monthly with a 1-2 month lag.
Related Trends
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Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Australia
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Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for Australia
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Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Australia
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Component Series: Business Tendencies Survey: Production: Original Series for Australia (LOCOBPORAUQ460S), retrieved from FRED.