Producer Prices Index: Economic Activities: Manufacturing: Total for Australia
PIEAMP01AUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.52
Year-over-Year Change
21.91%
Date Range
7/1/1968 - 1/1/2023
Summary
The Producer Prices Index: Economic Activities: Manufacturing: Total for Australia measures changes in the prices received by Australian manufacturers for their goods and services. This key indicator provides insight into inflationary pressures and the overall health of the Australian manufacturing sector.
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 Producer Prices Index (PPI) tracks the average change in selling prices received by domestic producers for their output. The manufacturing PPI specifically focuses on price trends for goods and services produced by the Australian manufacturing industry, a crucial component of the country's economy.
Methodology
The Australian Bureau of Statistics collects PPI data through surveys of manufacturers, compiling the information into a composite index.
Historical Context
The manufacturing PPI is closely monitored by the Reserve Bank of Australia and other policymakers to assess inflationary risks and guide economic policies.
Key Facts
- The PPI has a base year of 2018 = 100.
- Australia's manufacturing PPI reached a record high in 2022.
- The index is released monthly by the Australian Bureau of Statistics.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Economic Activities: Manufacturing: Total for Australia measures changes in the selling prices received by Australian manufacturers for their goods and services.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing PPI provides valuable insights into inflationary pressures and the overall health of the Australian manufacturing sector, which is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The Australian Bureau of Statistics collects PPI data through surveys of manufacturers and compiles the information into a composite index.
Q: How is this trend used in economic policy?
A: The manufacturing PPI is closely tracked by the Reserve Bank of Australia and other policymakers to assess inflationary risks and guide economic policies.
Q: Are there update delays or limitations?
A: The manufacturing PPI is released monthly by the Australian Bureau of Statistics with minimal delays.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacturing: Total for Australia (PIEAMP01AUQ661N), retrieved from FRED.