Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Hungary
Growth rate same period previous year, Quarterly
HUNPITGIG02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.53
Year-over-Year Change
1628.16%
Date Range
1/1/1999 - 10/1/2022
Summary
The 'Growth rate same period previous year, Quarterly' series measures the year-over-year growth rate of Hungarian industrial production on a quarterly basis. This indicator provides insights into the pace and direction of the country's industrial 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, Quarterly series tracks the year-on-year change in Hungary's industrial production index. It is a key metric used by economists and policymakers to assess the health and momentum of the country's industrial sector over time.
Methodology
The data is collected and calculated by the Hungarian Central Statistical Office.
Historical Context
This trend is closely monitored by the Hungarian National Bank and other institutions to inform economic policy decisions.
Key Facts
- Hungary is a major industrial economy in Central Europe.
- The industrial sector accounts for over 25% of Hungary's GDP.
- Quarterly industrial production data is released with a 2-month lag.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' series measures the year-over-year change in Hungary's industrial production index on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and momentum of Hungary's industrial sector, which is a crucial component of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: The Hungarian National Bank and other policymakers closely monitor this trend to inform decisions on monetary and fiscal policies aimed at supporting industrial growth and overall economic development.
Q: Are there update delays or limitations?
A: The quarterly industrial production data is released with a 2-month lag, which may limit its timeliness for certain applications.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (HUNPITGIG02GYQ), retrieved from FRED.