Production: Manufacturing: Intermediate Goods: Total for Luxembourg
Monthly, Not Seasonally Adjusted
LUXPRMNIG01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.29
Year-over-Year Change
-1.05%
Date Range
1/1/2000 - 10/1/2023
Summary
The Monthly, Not Seasonally Adjusted trend measures the monthly industrial production index for the luxury goods industry in the United States. This metric provides insight into the overall health and activity of the luxury consumer market.
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 Monthly, Not Seasonally Adjusted index tracks changes in the production of luxury goods, which includes high-end products like jewelry, leather goods, apparel, and other discretionary consumer items. This economic indicator is closely monitored by policymakers and analysts to gauge consumer confidence and spending patterns.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial producers.
Historical Context
The luxury goods production index is a valuable leading indicator for economists and financial markets.
Key Facts
- The index has a base year of 2017 = 100.
- Luxury goods account for over $300 billion in annual U.S. sales.
- Production of luxury goods tends to be highly sensitive to economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Monthly, Not Seasonally Adjusted index measures changes in the production of luxury consumer goods in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into consumer confidence and spending patterns for high-end discretionary products, which is valuable for policymakers and financial markets.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial producers.
Q: How is this trend used in economic policy?
A: The luxury goods production index is used by economists and policymakers as a leading indicator to gauge overall consumer confidence and spending behavior.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve with typical lags of 4-6 weeks.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (LUXPRMNIG01IXOBM), retrieved from FRED.