Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Luxembourg
PRINTO01LUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88.72
Year-over-Year Change
-13.55%
Date Range
1/1/1955 - 1/1/2023
Summary
This economic trend measures industrial production volume excluding construction in Luxembourg. It serves as an important indicator of overall 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 Volume: Economic Activity: Industry (Except Construction) for Luxembourg metric tracks changes in the volume of industrial output, excluding the construction sector. It is a key barometer of a country's manufacturing health and broader economic conditions.
Methodology
The data is collected through surveys of industrial firms and calculated as an index.
Historical Context
This industrial production index is closely monitored by policymakers and analysts to assess the health of Luxembourg's economy.
Key Facts
- Luxembourg is a major industrial center in Europe.
- Manufacturing accounts for over 10% of Luxembourg's GDP.
- Industrial output in Luxembourg rose by 3.2% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of industrial production in Luxembourg, excluding the construction sector. It provides an indication of overall manufacturing activity and economic conditions.
Q: Why is this trend relevant for users or analysts?
A: The industrial production index is a key indicator of a country's economic health and growth. It helps policymakers and analysts assess the strength of the manufacturing sector and broader economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial firms and calculated as an index by the statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this industrial production index to gauge the state of the economy and inform policy decisions related to interest rates, stimulus measures, and other economic interventions.
Q: Are there update delays or limitations?
A: The industrial production data for Luxembourg is published on a monthly basis with a typical delay of 4-6 weeks. The index may not capture all aspects of the manufacturing sector, as it excludes the construction industry.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Luxembourg (PRINTO01LUA661N), retrieved from FRED.