Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Luxembourg
Seasonally Adjusted
LUXPROINDQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.68
Year-over-Year Change
-8.99%
Date Range
1/1/1955 - 1/1/2024
Summary
The Seasonally Adjusted Index of Industrial Production measures monthly changes in the volume of industrial production in Luxembourg. It is a key indicator of economic activity and a critical input for policymakers and analysts.
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 Seasonally Adjusted Index of Industrial Production tracks the overall production performance of the industrial sector in Luxembourg. It is used to assess the health and trajectory of the broader economy, informing decision-making by central banks, government agencies, and private-sector analysts.
Methodology
The data is collected through surveys of industrial firms and calculated with statistical methods to adjust for seasonal variations.
Historical Context
This index provides important context for evaluating Luxembourg's economic performance and policies.
Key Facts
- Luxembourg's industrial production increased by 2.4% in 2021.
- The index uses 2015 as the base year with a value of 100.
- The industrial sector accounts for about 12% of Luxembourg's GDP.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted Index of Industrial Production measures monthly changes in the volume of industrial production in Luxembourg, a key indicator of economic activity.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the health and trajectory of Luxembourg's broader economy, informing decision-making by policymakers, central banks, and private-sector analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial firms and calculated with statistical methods to adjust for seasonal variations.
Q: How is this trend used in economic policy?
A: The Seasonally Adjusted Index of Industrial Production is a critical input for evaluating Luxembourg's economic performance and informing policy decisions by government agencies and central banks.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Seasonally Adjusted Index of Industrial Production (LUXPROINDQISMEI), retrieved from FRED.