Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Luxembourg
Monthly, Not Seasonally Adjusted
LUXPRCNTO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.09
Year-over-Year Change
-4.38%
Date Range
1/1/1956 - 3/1/2024
Summary
The Monthly, Not Seasonally Adjusted series measures the monthly price index for luxury goods in the United States. This key economic indicator provides insights into consumer spending patterns and inflationary pressures.
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 Consumption Price Index tracks the prices of high-end consumer products and services. It serves as a barometer for the luxury sector and can signal shifts in consumer confidence and discretionary spending.
Methodology
The data is collected through surveys of retail establishments and service providers.
Historical Context
Analysts and policymakers monitor this index to assess the state of the luxury market and broader economic conditions.
Key Facts
- The index has a base year of 2012.
- Luxury goods account for a significant share of consumer spending.
- Price trends in the luxury sector can indicate changes in consumer confidence.
FAQs
Q: What does this economic trend measure?
A: The Monthly, Not Seasonally Adjusted series measures the monthly price index for luxury goods and services in the United States.
Q: Why is this trend relevant for users or analysts?
A: This index serves as a key indicator of consumer spending patterns and inflationary pressures in the luxury sector, providing insights into the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers that sell luxury goods and services.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this index to assess the state of the luxury market and gauge consumer confidence, which can inform economic policies and forecasting.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of several weeks from the end of the reference period.
Related Trends
Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 25 to 54 Years for Luxembourg
LRAC25FELUQ156S
Net migration for Luxembourg
SMPOPNETMLUX
Business Tendency Surveys: Order Books: Economic Activity: Construction: Current for Luxembourg
BCOBLV02LUM460S
Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Luxembourg
LUXCPHP0400GPM
Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Luxembourg
LFHU24TTLUM647N
Infra-Annual Labor Statistics: Inactivity Rate Female: From 15 to 74 Years for Luxembourg
LRIN74FELUA156N
Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (LUXPRCNTO01IXOBM), retrieved from FRED.