The production value of the manufacturing industry in Luxembourg increased by 2.2 billion euros (+22.74 percent) in 2021 in comparison to the previous year. Therefore, the production value in Luxembourg reached a peak in 2021 with 11.8 billion euros. The value of production is defined by Eurostat as the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services.
The source adds the following information: Production value measures the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services. The production value is defined as turnover, plus or minus the changes in stocks of finished products, work in progress and goods and services purchased for resale, minus the purchases of goods and services for resale, plus capitalised production, plus other operating income (excluding subsidies). Income and expenditure classified as financial or extra-ordinary in company accounts is excluded from production value. Data coverage corresponds to Section C of CE Rev2.
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Eurostat. (March 22, 2024). Annual production value of the manufacturing sector in Luxembourg from 2012 to 2021 (in million euros) [Graph]. In Statista. Retrieved October 11, 2024, from https://www.statista.com/statistics/422571/production-value-manufacturing-industry-luxembourg/
Eurostat. "Annual production value of the manufacturing sector in Luxembourg from 2012 to 2021 (in million euros)." Chart. March 22, 2024. Statista. Accessed October 11, 2024. https://www.statista.com/statistics/422571/production-value-manufacturing-industry-luxembourg/
Eurostat. (2024). Annual production value of the manufacturing sector in Luxembourg from 2012 to 2021 (in million euros). Statista. Statista Inc.. Accessed: October 11, 2024. https://www.statista.com/statistics/422571/production-value-manufacturing-industry-luxembourg/
Eurostat. "Annual Production Value of The Manufacturing Sector in Luxembourg from 2012 to 2021 (in Million Euros)." Statista, Statista Inc., 22 Mar 2024, https://www.statista.com/statistics/422571/production-value-manufacturing-industry-luxembourg/
Eurostat, Annual production value of the manufacturing sector in Luxembourg from 2012 to 2021 (in million euros) Statista, https://www.statista.com/statistics/422571/production-value-manufacturing-industry-luxembourg/ (last visited October 11, 2024)
Annual production value of the manufacturing sector in Luxembourg from 2012 to 2021 (in million euros) [Graph], Eurostat, March 22, 2024. [Online]. Available: https://www.statista.com/statistics/422571/production-value-manufacturing-industry-luxembourg/