Production: Construction: Total for Luxembourg
PRCNTO01LUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.34
Year-over-Year Change
1.74%
Date Range
1/1/1957 - 1/1/2024
Summary
The 'Production: Construction: Total for Luxembourg' trend measures the total volume of construction activity in Luxembourg. It serves as a key indicator of economic growth and infrastructure investment.
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
This series tracks the overall production and output of the construction industry in Luxembourg. It is a valuable metric for assessing the health and performance of the Luxembourgish economy, as construction activity is closely tied to broader economic conditions and investment.
Methodology
The data is collected through surveys of construction firms and contractors across Luxembourg.
Historical Context
Policymakers and analysts use this construction trend to gauge the pace of economic expansion and make informed decisions about infrastructure planning and investment.
Key Facts
- Construction accounts for over 5% of Luxembourg's GDP.
- The construction industry employs more than 40,000 workers in Luxembourg.
- Luxembourg has seen steady growth in construction activity in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Construction: Total for Luxembourg' trend measures the overall volume and output of the construction industry in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This construction trend is a key indicator of economic performance and investment in Luxembourg, providing valuable insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and contractors across Luxembourg.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this construction trend to gauge the pace of economic expansion and make informed decisions about infrastructure planning and investment.
Q: Are there update delays or limitations?
A: The construction data for Luxembourg is published on a regular schedule with minimal delays, providing timely insights for users.
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Citation
U.S. Federal Reserve, Production: Construction: Total for Luxembourg (PRCNTO01LUA657S), retrieved from FRED.