Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Luxembourg
LUXPIEAMI01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.50
Year-over-Year Change
-5336.88%
Date Range
4/1/1995 - 10/1/2022
Summary
The Producer Prices Index (PPI) for Mining and Quarrying Activities in Luxembourg measures changes in the prices received by domestic producers for their output. This metric is a key indicator of inflationary pressures and industrial activity in the country.
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 PPI for Mining and Quarrying Activities tracks changes in the prices of goods and services sold by Luxembourg's mining and quarrying industries. It is used by economists and policymakers to assess pricing dynamics, industry profitability, and overall economic conditions.
Methodology
The data is collected through monthly surveys of companies in the mining and quarrying sector.
Historical Context
The PPI provides insight into the competitiveness and pricing power of Luxembourg's extractive industries, which is relevant for economic and trade policy.
Key Facts
- The base year for the Luxembourg PPI is 2015.
- Mining and quarrying account for around 0.5% of Luxembourg's GDP.
- Prices in this index are measured at the factory gate before taxes and transportation costs.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index (PPI) for Mining and Quarrying Activities in Luxembourg measures changes in the prices received by domestic producers for their output in these industries.
Q: Why is this trend relevant for users or analysts?
A: The PPI is a key indicator of inflationary pressures and the overall health of Luxembourg's extractive industries, providing insights relevant for economic and trade policy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of companies in the mining and quarrying sector.
Q: How is this trend used in economic policy?
A: The PPI for Mining and Quarrying Activities provides insight into the competitiveness and pricing power of Luxembourg's extractive industries, which is relevant for policymakers.
Q: Are there update delays or limitations?
A: The PPI data is published monthly with minimal delays, providing timely information on price trends in Luxembourg's mining and quarrying sector.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Luxembourg (LUXPIEAMI01GPQ), retrieved from FRED.