Production: Manufacturing: Total Manufacturing for Luxembourg
PRMNTO01LUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.84
Year-over-Year Change
-7421385735613677.00%
Date Range
4/1/1955 - 1/1/2025
Summary
The 'Production: Manufacturing: Total Manufacturing for Luxembourg' trend measures the total volume of manufacturing output in Luxembourg. This metric is closely watched by economists and policymakers to gauge the health and competitiveness of the Luxembourg 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 series represents the overall level of manufacturing production in Luxembourg, a key indicator of industrial activity and economic growth. Manufacturers, analysts, and government agencies use this data to monitor the business cycle, assess policy impacts, and make strategic decisions.
Methodology
The data is collected through surveys of manufacturing establishments and calculated as an index value by statistical agencies.
Historical Context
Trends in Luxembourg's manufacturing output are closely tied to its export-oriented economy and industrial policies.
Key Facts
- Luxembourg is a major exporter of chemicals, steel, and automotive parts.
- Manufacturing accounts for about 10% of Luxembourg's GDP.
- Manufacturing output rebounded strongly in Luxembourg after the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Manufacturing: Total Manufacturing for Luxembourg' series measures the overall volume of manufacturing output in the country. It is an important indicator of industrial activity and economic performance.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the strength and competitiveness of Luxembourg's manufacturing sector, which is a key driver of the country's export-oriented economy. Analysts and policymakers use this data to monitor economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments in Luxembourg and calculated as an index value by statistical agencies.
Q: How is this trend used in economic policy?
A: Trends in Luxembourg's manufacturing output are closely watched by policymakers, as they provide important signals about the health of the country's industrial base and the broader economy. This information helps guide policy decisions related to trade, investment, and economic development.
Q: Are there update delays or limitations?
A: The manufacturing production data for Luxembourg is generally published on a monthly basis, with a short delay to allow for data collection and processing. There may be occasional revisions to historical data as well.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Total Manufacturing for Luxembourg (PRMNTO01LUQ657S), retrieved from FRED.