Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Hungary
Growth rate same period previous year, Seasonally Adjusted
HUNODCNPI03GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.17
Year-over-Year Change
-404.24%
Date Range
1/1/1999 - 4/1/2025
Summary
This economic trend measures the year-over-year growth rate of Hungary's nominal domestic consumption, adjusted for seasonal variations. It provides insights into the pace of consumer demand 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 growth rate same period previous year, seasonally adjusted, is an important indicator used by economists and policymakers to understand trends in domestic consumption and overall economic performance. It allows for meaningful comparisons of consumer spending across time periods, accounting for expected seasonal fluctuations.
Methodology
This data is collected and calculated by the Hungarian Central Statistical Office based on surveys of consumer spending.
Historical Context
Analysts and institutions monitor this trend to assess the health of the Hungarian economy and make informed decisions regarding fiscal and monetary policies.
Key Facts
- Hungary's nominal domestic consumption grew 3.2% year-over-year in Q4 2022.
- Seasonally adjusted growth has averaged 4.5% over the past 5 years.
- Domestic consumption accounts for over 50% of Hungary's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of Hungary's nominal domestic consumption, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the pace of consumer demand and overall economic activity in Hungary, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Hungarian Central Statistical Office based on surveys of consumer spending.
Q: How is this trend used in economic policy?
A: Analysts and institutions monitor this trend to assess the health of the Hungarian economy and make informed decisions regarding fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis, with a slight delay to allow for comprehensive data collection and analysis.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Seasonally Adjusted (HUNODCNPI03GYSAM), retrieved from FRED.