Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Luxembourg
Annual, Seasonally Adjusted
LUXPROMANAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.55
Year-over-Year Change
-11.07%
Date Range
1/1/1955 - 1/1/2023
Summary
The Annual, Seasonally Adjusted Producer Manufacturing Turnover Index measures changes in the revenue of manufacturing businesses in Luxembourg. It is a key indicator of economic activity and industrial production.
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 Producer Manufacturing Turnover Index tracks the total sales revenue of manufacturing companies in Luxembourg on an annual basis. It is seasonally adjusted to account for regular fluctuations. Economists and policymakers use this index to gauge the health and trajectory of the country's industrial sector.
Methodology
This index is calculated by Luxembourg's national statistics agency based on monthly surveys of manufacturing businesses.
Historical Context
The turnover index is used to inform monetary and fiscal policies aimed at supporting the manufacturing industry.
Key Facts
- Luxembourg's manufacturing sector accounts for over 10% of GDP.
- The turnover index reached a record high in 2021.
- Rapid growth in the index can signal increasing inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted Producer Manufacturing Turnover Index measures the total sales revenue of manufacturing businesses in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the health and performance of Luxembourg's industrial sector, which is an important driver of the country's economy.
Q: How is this data collected or calculated?
A: The index is calculated by Luxembourg's national statistics agency based on monthly surveys of manufacturing companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the turnover index to inform monetary and fiscal policies aimed at supporting the manufacturing industry.
Q: Are there update delays or limitations?
A: The index is released annually with a slight delay, and may not capture all manufacturing activity due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted Producer Manufacturing Turnover Index (LUXPROMANAISMEI), retrieved from FRED.