Industrial Production in Australia
Australia recorded an average industrial production growth rate of 2.1% in the decade to 2022, below the 4.1% average for Asia-Pacific. In 2022, industrial production growth was 0.5%. For more industry information, visit our dedicated page.
Australia Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Australia from 2014 to 2023.
Source: Macrobond.
Australia Industry Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 2.6 | -1.0 | -0.2 | -0.6 | 0.6 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Australian industry projections for the next ten years from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Australian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Australian industry projections.
Want to get access to the full dataset of Australian industry forecasts? Send an email to info@focus-economics.com.