Sales: Retail Trade: Total Retail Trade: Value for Luxembourg
LUXSLRTTO02IXEBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.30
Year-over-Year Change
0.65%
Date Range
1/1/1995 - 11/1/2023
Summary
This economic trend measures total retail trade activity in Luxembourg, providing insight into consumer spending and economic conditions.
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 total retail trade index tracks the overall value of retail sales in Luxembourg, reflecting demand for consumer goods and services. It is a key indicator of domestic consumption and economic health.
Methodology
The data is collected through surveys of retail establishments and calculated as an index relative to a base year.
Historical Context
Retail trade data is closely monitored by policymakers and analysts to assess the strength of consumer markets.
Key Facts
- Luxembourg's retail trade index has a base year of 2015.
- Retail trade accounts for over 10% of Luxembourg's GDP.
- The index experienced sharp declines during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of retail trade activity in Luxembourg, providing insight into consumer spending and demand for goods and services.
Q: Why is this trend relevant for users or analysts?
A: Retail trade data is a key indicator of domestic economic conditions and consumer confidence, making it important for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: Retail trade data is closely monitored by policymakers to assess the strength of consumer markets and inform economic policies.
Q: Are there update delays or limitations?
A: The retail trade index data for Luxembourg is published with a short lag, typically within a few months of the reference period.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Value for Luxembourg (LUXSLRTTO02IXEBSAM), retrieved from FRED.