Hours: Hours Worked: Manufacturing: Weekly for Turkey
HOHWMN02TRQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.95
Year-over-Year Change
24.08%
Date Range
1/1/1977 - 7/1/2023
Summary
This economic trend measures the average weekly hours worked in the manufacturing sector in Turkey. It is a key indicator of labor market conditions and economic activity.
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 Hours Worked: Manufacturing: Weekly for Turkey series tracks the average number of hours worked per week by manufacturing employees in Turkey. This metric is used by economists and policymakers to assess the strength and productivity of the Turkish manufacturing industry.
Methodology
The data is collected through surveys of Turkish manufacturing firms.
Historical Context
This trend is closely monitored by the Turkish government and central bank to inform economic and labor market policies.
Key Facts
- Manufacturing accounts for over 15% of Turkey's GDP.
- Average weekly hours worked peaked at 52.1 in 2018.
- Manufacturing employment in Turkey has grown by 20% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by manufacturing employees in Turkey.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market conditions and economic activity in Turkey's manufacturing sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Turkish manufacturing firms.
Q: How is this trend used in economic policy?
A: The Turkish government and central bank closely monitor this trend to inform economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is updated monthly with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Hours: Hours Worked: Manufacturing: Weekly for Turkey (HOHWMN02TRQ661N), retrieved from FRED.