Producer Prices Index: Economic Activities: Energy: Domestic for Luxembourg
Growth rate previous period, Quarterly
LUXPIEAEN02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.35
Year-over-Year Change
N/A%
Date Range
4/1/2000 - 10/1/2022
Summary
This economic trend measures the quarterly growth rate of luxury consumption expenditures in the United States. It is an important indicator of consumer demand and confidence.
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 Growth Rate Previous Period, Quarterly trend tracks the quarter-over-quarter percentage change in luxury consumer spending. This metric provides insight into luxury goods and services consumption, which can signal broader economic conditions and consumer behavior.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Luxury consumption trends are closely monitored by economists, policymakers, and market analysts.
Key Facts
- Luxury spending accounts for over 4% of total U.S. consumer expenditures.
- The luxury market experienced a sharp decline during the 2008-2009 recession.
- China has become the world's largest luxury consumer market in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly percentage change in luxury consumption expenditures in the United States.
Q: Why is this trend relevant for users or analysts?
A: Luxury consumption is an important indicator of consumer demand, confidence, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Luxury consumption trends are closely monitored by economists, policymakers, and market analysts to assess consumer behavior and economic performance.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with potential delays of several weeks.
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Citation
U.S. Bureau of Economic Analysis, Growth rate previous period, Quarterly (LUXPIEAEN02GPQ), retrieved from FRED.