Aviation activity as a leading indicator of economic activity

Publication Subject(s)
aviation
forecasting
Publication Type
Staff Papers
Release date

This study investigates whether data on domestic aviation activity in Australia could be used as an indicator of Australian economic activity–with the view of developing an indicator of regional economic activity should initial tests be successful. Graphical analysis was the predominant method used to test the predictive power of aviation data, which is collected on a monthly basis by the Bureau of Infrastructure, Transport and Regional Economics (BITRE), against Gross Domestic Product (GDP) and employment.

  • Aviation activity as a leading indicator of economic activity