Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Luxembourg
PRINTO01LUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.28
Year-over-Year Change
-7.52%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic indicator measures the production volume of industries, excluding construction, in Luxembourg. It provides insights into the overall level of economic activity and industrial output.
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 series represents the production levels of manufacturing, mining, and utilities industries in the country. It is a key metric used by economists and policymakers to assess the health and trajectory of the industrial sector.
Methodology
The data is collected through surveys of industrial establishments and compiled by the Luxembourg statistical agency.
Historical Context
This trend is closely watched by analysts and policymakers to gauge the performance of Luxembourg's economy and inform economic policy decisions.
Key Facts
- Luxembourg's industrial sector accounts for about 12% of its GDP.
- Production volume has grown by an average of 2.5% annually over the past decade.
- The industrial sector employs approximately 18% of Luxembourg's workforce.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the production volume of industries, excluding construction, in Luxembourg. It provides insights into the overall level of economic activity and industrial output in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key metric used by economists and policymakers to assess the health and trajectory of Luxembourg's industrial sector, which is an important driver of the country's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial establishments and compiled by the Luxembourg statistical agency.
Q: How is this trend used in economic policy?
A: This trend is closely watched by analysts and policymakers to gauge the performance of Luxembourg's economy and inform economic policy decisions, such as adjustments to monetary or fiscal policies.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Luxembourg (PRINTO01LUQ661N), retrieved from FRED.