Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Luxembourg
PRCNTO01LUA661N • 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 construction activity in Luxembourg, providing insights into the overall level of economic activity 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 Volume: Economic Activity: Construction for Luxembourg series tracks the total output of the construction industry, which is a key indicator of economic growth and investment. This metric is widely used by economists and policymakers to assess the health and trajectory of the Luxembourg economy.
Methodology
The data is collected through surveys of construction firms and contractors in Luxembourg.
Historical Context
Monitoring this trend helps inform economic and policy decisions related to the construction industry and broader economic conditions.
Key Facts
- Construction accounts for around 5% of Luxembourg's GDP.
- Production volumes in this sector declined by 7% in 2020 due to the COVID-19 pandemic.
- The construction industry employs over 30,000 workers in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total production volume of the construction industry in Luxembourg, providing insights into the overall level of economic activity in this key sector.
Q: Why is this trend relevant for users or analysts?
A: The construction industry is a critical component of the Luxembourg economy, and monitoring production volumes in this sector helps inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and contractors in Luxembourg.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to assess the health and trajectory of the Luxembourg economy, as construction activity is a key indicator of overall economic growth and investment.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in reporting due to the nature of the construction industry and data collection processes.
Related Trends
Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Luxembourg
LCEAMN01LUA661N
Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Luxembourg
SLRTTO01LUQ661N
Infra-Annual Labor Statistics: Employees Total for Luxembourg
LFESEETTLUA647S
Harmonized Index of Consumer Prices: Meat for Luxembourg
CP0112LUM086NEST
Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Luxembourg
LREM55MALUA156S
International Merchandise Trade Statistics: Exports: Commodities for Luxembourg
XTEXVA01LUA657S
Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Luxembourg (PRCNTO01LUA661N), retrieved from FRED.