Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Luxembourg
LUXPROCONAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.79
Year-over-Year Change
-0.68%
Date Range
1/1/1956 - 1/1/2023
Summary
This economic trend measures the production volume of the construction industry in Luxembourg, providing insights into the country's economic activity and growth.
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 Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Luxembourg metric tracks the level of production within the construction sector, a key indicator of overall economic performance and investment.
Methodology
The data is collected by the Luxembourg statistical agency based on surveys of construction firms.
Historical Context
This metric is closely monitored by policymakers and analysts to assess the health of the Luxembourg economy.
Key Facts
- Luxembourg's construction industry accounts for approximately 5% of its GDP.
- Construction production volumes have fluctuated significantly since the 2008 financial crisis.
- This metric is a leading indicator of overall economic conditions in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of the construction industry in Luxembourg, providing insights into the country's economic activity and growth.
Q: Why is this trend relevant for users or analysts?
A: The construction industry is a key driver of economic growth, and this metric is closely monitored by policymakers and analysts to assess the health of the Luxembourg economy.
Q: How is this data collected or calculated?
A: The data is collected by the Luxembourg statistical agency based on surveys of construction firms.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to gauge the state of the Luxembourg economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Luxembourg (LUXPROCONAISMEI), retrieved from FRED.