Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Luxembourg
Growth rate same period previous year, Quarterly
LUXPITGND02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.10
Year-over-Year Change
735.68%
Date Range
1/1/1991 - 10/1/2022
Summary
The 'Growth rate same period previous year, Quarterly' metric measures the year-over-year change in Luxembourg's industrial production on a quarterly basis. This trend provides insight into the broader economic activity and manufacturing sector in Luxembourg.
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 metric tracks the quarterly growth rate of industrial production in Luxembourg compared to the same quarter in the previous year. It is a key indicator of overall economic performance and can signal turning points in the business cycle.
Methodology
The data is collected through surveys of industrial firms and calculated by the Luxembourg Statistical Office.
Historical Context
Policymakers and analysts monitor this metric to assess the health of Luxembourg's manufacturing and industrial sectors.
Key Facts
- Luxembourg's industrial production grew 10.2% in Q4 2022 compared to Q4 2021.
- The industrial sector accounts for over 15% of Luxembourg's GDP.
- This metric has been published quarterly since 1980.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year growth rate of industrial production in Luxembourg on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the overall health and direction of Luxembourg's manufacturing and industrial sectors, which are important drivers of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial firms and calculated by the Luxembourg Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the performance of Luxembourg's industrial sector and broader economic conditions.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of approximately 2-3 months.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (LUXPITGND02GYQ), retrieved from FRED.