Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Luxembourg
BSCICP03LUM665S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.86
Year-over-Year Change
-1.11%
Date Range
1/1/1983 - 1/1/2024
Summary
The Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Luxembourg measures changes in Luxembourg's business confidence and economic outlook, providing an early signal of the country's economic performance.
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 indicator is a composite index that aggregates various business confidence and sentiment measures for Luxembourg, adjusting for seasonal and cyclical fluctuations. It is used by economists and policymakers to anticipate turning points in the business cycle and assess the overall health of the Luxembourgish economy.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD) using a proprietary methodology.
Historical Context
This leading indicator helps inform economic policies and business strategies in Luxembourg and the broader Eurozone.
Key Facts
- The indicator is adjusted for seasonal and cyclical fluctuations.
- It aggregates various business confidence and sentiment measures.
- The data is collected and calculated by the OECD.
FAQs
Q: What does this economic trend measure?
A: This indicator measures changes in Luxembourg's business confidence and economic outlook, providing an early signal of the country's economic performance.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator helps inform economic policies and business strategies in Luxembourg and the broader Eurozone by anticipating turning points in the business cycle and assessing the overall health of the Luxembourgish economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD) using a proprietary methodology.
Q: How is this trend used in economic policy?
A: This leading indicator is used by economists and policymakers to anticipate turning points in the business cycle and assess the overall health of the Luxembourgish economy, which helps inform economic policies and business strategies in Luxembourg and the broader Eurozone.
Q: Are there update delays or limitations?
A: The data is published by the OECD, and any update delays or limitations would be consistent with their standard release schedule and data collection processes.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Luxembourg (BSCICP03LUM665S), retrieved from FRED.