Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Australia
PRCNTO01AUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.87
Year-over-Year Change
14.40%
Date Range
1/1/1975 - 1/1/2023
Summary
The 'Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Australia' series tracks the total volume of construction activity in Australia, providing insight into the health of the country's construction 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
This economic indicator measures the total volume of construction work done in Australia, including both residential and non-residential construction. It is a key metric for assessing the overall activity and performance of the construction industry, which is a major component of the Australian economy.
Methodology
The data is collected through surveys of construction companies and project managers.
Historical Context
Policymakers and economists use this indicator to evaluate the state of the Australian economy and make informed decisions about economic policy.
Key Facts
- Construction is a key driver of the Australian economy.
- This indicator covers both residential and non-residential construction.
- The data is collected through surveys of construction companies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of construction activity in Australia, including both residential and non-residential construction projects.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the overall health and performance of the Australian construction industry, which is a major component of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and project managers.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to evaluate the state of the Australian economy and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The data is subject to the survey collection process and may have some update delays, but it provides a comprehensive view of construction activity in Australia.
Related Trends
Balance of Payments: Services: Expenditure for Australia
AUSB6DBSE02STSAQ
Infra-Annual Labor Statistics: Employment Female: From 25 to 54 Years for Australia
LFEM25FEAUM647S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Australia
AUSCP020000GYQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing for Australia
AUSCPGRHO01GYQ
Leading Indicators OECD: Component Series: Terms of Trade: Normalised for Australia
AUSLOCOTTNOSTSAM
Liquid Liabilities (Broad Money) for Australia
DDOI07AUA648NWDB
Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Australia (PRCNTO01AUA661N), retrieved from FRED.