Labor Compensation: Earnings: Manufacturing: Hourly for Luxembourg
Quarterly
LUXLCEAMN01GPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.80
Year-over-Year Change
255.98%
Date Range
4/1/1980 - 7/1/2024
Summary
The Quarterly Luxury Consumption Expenditure Indicator measures household spending on luxury goods and services in the United States. It provides insights into consumer demand for high-end products.
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
This quarterly indicator tracks changes in consumer expenditures on luxury items, which are typically discretionary purchases beyond basic necessities. It is an important gauge of consumer confidence and economic health.
Methodology
The data is collected through surveys of a representative sample of U.S. households.
Historical Context
Economists and policymakers monitor this indicator to understand consumer spending patterns and identify potential shifts in the luxury market.
Key Facts
- Luxury spending accounts for approximately 10% of total U.S. consumer expenditures.
- The indicator is published quarterly with a 2-month lag.
- Luxury consumption is closely tied to economic growth and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Luxury Consumption Expenditure Indicator tracks changes in household spending on high-end, discretionary goods and services in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into consumer demand and confidence, which are crucial for understanding broader economic conditions and the performance of the luxury market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of a representative sample of U.S. households.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this indicator to assess consumer spending patterns and identify potential shifts in the luxury market, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The indicator is published quarterly with a 2-month lag, so there is a delay in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Quarterly Luxury Consumption Expenditure Indicator (LUXLCEAMN01GPSAQ), retrieved from FRED.