Producer Prices Index: Economic Activities: Manufacturing: Domestic for Luxembourg
LUXPPDMMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145.10
Year-over-Year Change
8.12%
Date Range
1/1/1980 - 12/1/2022
Summary
The Producer Prices Index: Economic Activities: Manufacturing: Domestic for Luxembourg measures changes in the prices of manufactured goods sold domestically in Luxembourg. It serves as an important indicator of inflation and economic conditions.
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 index tracks the wholesale prices received by manufacturers in Luxembourg for their domestic sales. It is a key metric for assessing price pressures and the overall health of the manufacturing sector within the Luxembourg economy.
Methodology
The data is collected through surveys of manufacturers and compiled by the Luxembourg National Institute of Statistics and Economic Studies.
Historical Context
Policymakers and analysts use this index to help inform monetary and fiscal policies.
Key Facts
- Luxembourg is a major industrial and export-oriented economy.
- Manufacturing accounts for over 10% of Luxembourg's GDP.
- The index uses 2015 as the base year.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Economic Activities: Manufacturing: Domestic for Luxembourg measures changes in the wholesale prices received by manufacturers in Luxembourg for their domestic sales.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation pressures and the overall health of the manufacturing sector in Luxembourg, which is an important part of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturers and compiled by the Luxembourg National Institute of Statistics and Economic Studies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to help inform monetary and fiscal policies in Luxembourg.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical update delay of 1-2 months.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacturing: Domestic for Luxembourg (LUXPPDMMINMEI), retrieved from FRED.