Production: Industry: Total Industry Excluding Construction for Luxembourg
PRINTO01LUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.92
Year-over-Year Change
-80.94%
Date Range
1/1/1956 - 1/1/2024
Summary
The Production: Industry: Total Industry Excluding Construction for Luxembourg measures the volume of industrial output in Luxembourg, excluding the construction sector. This trend is a key indicator of the overall health and performance of Luxembourg's industrial economy.
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 economic indicator tracks the total industrial production in Luxembourg, with the exclusion of the construction industry. It is a widely used metric for assessing the strength and trajectory of the country's manufacturing and industrial sectors.
Methodology
The data is collected and calculated by the Luxembourg national statistical office based on monthly surveys of industrial firms.
Historical Context
Policymakers and economists closely monitor this indicator to gauge the performance of Luxembourg's industrial base and inform economic policy decisions.
Key Facts
- Luxembourg's industrial sector accounts for over 10% of its GDP.
- The production index excludes the construction industry, which is a significant part of Luxembourg's economy.
- This indicator is released monthly by the Luxembourg statistical office.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of industrial production in Luxembourg, excluding the construction sector. It is a key indicator of the overall health and performance of the country's industrial economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by policymakers, economists, and market analysts as it provides insights into the strength and trajectory of Luxembourg's manufacturing and industrial sectors, which are important drivers of the country's economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Luxembourg national statistical office based on monthly surveys of industrial firms operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and government agencies in Luxembourg closely monitor this indicator to assess the performance of the country's industrial base and inform economic policy decisions, such as those related to industrial development, trade, and investment.
Q: Are there update delays or limitations?
A: The production index data is released on a monthly basis by the Luxembourg statistical office, with a typical delay of 4-6 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Production: Industry: Total Industry Excluding Construction for Luxembourg (PRINTO01LUA659S), retrieved from FRED.