Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Luxembourg
Number, Monthly level, Monthly, Seasonally Adjusted
LUXODCNPI03MLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
669.72
Year-over-Year Change
152.36%
Date Range
1/1/1991 - 7/1/2017
Summary
This data series tracks the monthly level of retail sales for luxury goods, adjusted for seasonal variations. It provides insights into consumer spending patterns and trends in the luxury retail 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 Luxury Goods Retail Sales index measures the monthly sales volume of luxury items, such as high-end fashion, jewelry, and other premium consumer goods. This data point is closely monitored by economists and industry analysts to gauge the health and direction of the luxury goods market.
Methodology
The data is collected through surveys of luxury retailers and calculated as a seasonally adjusted monthly index by the U.S. Census Bureau.
Historical Context
Trends in luxury goods sales are often used as an indicator of consumer confidence and discretionary spending in the broader economy.
Key Facts
- Luxury goods sales account for over $300 billion annually in the U.S. market.
- Luxury spending is closely tied to economic growth and household wealth.
- The luxury retail sector is highly sensitive to changes in consumer sentiment.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the monthly level of retail sales for luxury goods, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Trends in luxury goods sales are closely monitored as an indicator of consumer confidence and discretionary spending in the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of luxury retailers and calculated as a seasonally adjusted monthly index by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Luxury goods sales data is used by economists, policymakers, and market analysts to gauge consumer sentiment and the overall health of the economy.
Q: Are there update delays or limitations?
A: The luxury retail sales data is published monthly with a typical 1-2 month lag from the reference period.
Related Trends
Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Luxembourg
LFACTTTTLUA657N
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for Luxembourg
LRHUTTMALUA156N
Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Luxembourg
LUXB6BLTT02STSAQ
Harmonized Index of Consumer Prices: Financial Services N.e.c. for Luxembourg
CP1260LUM086NEST
Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Luxembourg
LUXPERMITAISMEI
National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Luxembourg
LUXEXPORTQDSMEI
Citation
U.S. Federal Reserve, Number, Monthly level, Monthly, Seasonally Adjusted (LUXODCNPI03MLSAM), retrieved from FRED.