Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Hungary
HUNPERMITAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
177.06
Year-over-Year Change
84.01%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend measures the number of permits issued for the construction of buildings in Hungary, providing insights into the level of economic activity in the construction sector.
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 'Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Hungary' metric tracks the number of permits approved for the construction of new buildings, serving as an indicator of future construction activity and economic growth.
Methodology
The data is collected by the Hungarian Central Statistical Office through administrative records.
Historical Context
This metric is closely watched by policymakers, investors, and economists to gauge the health of the Hungarian construction industry and broader economic conditions.
Key Facts
- Building permits are a leading indicator of future construction activity.
- Hungary's construction sector accounts for a significant portion of its GDP.
- Permit issuance data is used to forecast housing starts and overall economic growth.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of permits issued for the construction of new buildings in Hungary, providing insights into the level of economic activity in the construction sector.
Q: Why is this trend relevant for users or analysts?
A: Building permit data is a leading indicator of future construction activity and economic growth, making it a closely watched metric by policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected by the Hungarian Central Statistical Office through administrative records.
Q: How is this trend used in economic policy?
A: Permit issuance data is used by policymakers, markets, and economists to forecast housing starts, construction activity, and overall economic conditions in Hungary.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness of the Hungarian Central Statistical Office's administrative reporting, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Hungary (HUNPERMITAISMEI), retrieved from FRED.