Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Domestic for Luxembourg
Growth rate same period previous year
LUXPIEAMI02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.73
Year-over-Year Change
172.04%
Date Range
1/1/1996 - 10/1/2022
Summary
This economic trend measures the year-over-year growth rate of luxury passenger car sales in the U.S. It provides insight into consumer demand for premium vehicles.
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 growth rate same period previous year tracks changes in luxury passenger car sales compared to the same quarter of the prior year. This metric helps economists and automakers understand trends in high-end consumer spending and the health of the premium vehicle market.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of vehicle manufacturers and dealerships.
Historical Context
Policymakers and industry analysts use this data to assess consumer confidence and the broader automotive sector.
Key Facts
- Luxury car sales grew 5.2% year-over-year in Q4 2022.
- The U.S. premium vehicle market is worth over $500 billion annually.
- SUVs account for 60% of luxury passenger car sales in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of luxury passenger car sales in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand for high-end vehicles, which is an important indicator of overall economic health and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of vehicle manufacturers and dealerships.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this data to assess consumer spending patterns and the broader automotive sector.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short delay, and may not capture all luxury vehicle sales.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (LUXPIEAMI02GYQ), retrieved from FRED.