Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Luxembourg
LUXPROCONMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.60
Year-over-Year Change
-4.77%
Date Range
1/1/1956 - 3/1/2024
Summary
This economic indicator measures the production volume of the construction industry in Luxembourg. It provides insight into the overall level of economic activity and investment in the construction sector.
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 total production output of the construction industry. It is a key indicator of the health and growth of the construction sector, which is an important driver of economic activity in Luxembourg.
Methodology
The data is collected through surveys of construction firms and compiled by the Luxembourg National Institute of Statistics and Economic Studies.
Historical Context
This construction production index is closely monitored by policymakers and analysts to assess the state of the Luxembourg economy and guide investment and fiscal decisions.
Key Facts
- Construction accounts for 6% of Luxembourg's GDP.
- Production volume rose 3.2% in 2021 compared to 2020.
- Residential construction makes up 40% of the industry.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total production output of the construction industry in Luxembourg, providing insight into the level of economic activity and investment in the construction sector.
Q: Why is this trend relevant for users or analysts?
A: The construction production index is a key indicator of the health of the Luxembourg economy, as the construction industry is a major driver of economic activity. It is closely monitored by policymakers and analysts to guide investment and fiscal decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and compiled by the Luxembourg National Institute of Statistics and Economic Studies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this construction production index to assess the state of the Luxembourg economy and inform investment, fiscal, and regulatory decisions related to the construction industry.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 2-month delay between the reference period and publication.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Luxembourg (LUXPROCONMISMEI), retrieved from FRED.