Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Luxembourg
LUXPROCONQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.05
Year-over-Year Change
-9.39%
Date Range
1/1/1956 - 1/1/2024
Summary
This economic indicator measures the production volume of the construction industry in Luxembourg. It provides insights into the overall level of construction activity, which is a key driver of economic growth.
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 Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Luxembourg series tracks the production output of the construction sector in the country. This metric is used by economists and policymakers to assess the health and momentum of the broader economy.
Methodology
The data is collected through surveys of construction companies and industry associations.
Historical Context
This construction production index is closely monitored by the Luxembourg government and the European Central Bank for insights into investment, employment, and overall economic conditions.
Key Facts
- Luxembourg's construction sector accounts for over 5% of GDP.
- Construction production levels are a leading indicator of future economic growth.
- Declines in this index often precede broader economic downturns.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the production output or volume of the construction industry in Luxembourg. It provides a gauge of the overall level of construction activity in the country.
Q: Why is this trend relevant for users or analysts?
A: The construction production index is an important metric for assessing the health and momentum of the broader Luxembourg economy, as the construction sector is a key driver of investment, employment, and overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and industry associations in Luxembourg.
Q: How is this trend used in economic policy?
A: This construction production index is closely monitored by the Luxembourg government and the European Central Bank to gain insights into investment, employment, and overall economic conditions, which informs their policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in the reporting of this data, as it is based on survey responses from construction firms. Additionally, the index may not fully capture all construction activity in the country.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Luxembourg (LUXPROCONQISMEI), retrieved from FRED.