Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Hungary
Growth rate same period previous year, Monthly
HUNPITGND01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.22
Year-over-Year Change
257.36%
Date Range
1/1/1999 - 12/1/2022
Summary
The 'Growth rate same period previous year, Monthly' trend measures the year-over-year change in the Hungarian industrial production index on a monthly basis. This key indicator provides insights into the health and trajectory of the Hungarian manufacturing 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 industrial production index is a leading economic indicator that tracks changes in the volume of production across Hungary's industrial sectors. The year-over-year growth rate is a useful metric for analyzing industrial output trends and evaluating the broader performance of the Hungarian economy.
Methodology
The data is collected through monthly surveys of industrial enterprises in Hungary.
Historical Context
This trend is closely monitored by policymakers, analysts, and investors to assess manufacturing activity and guide economic decision-making.
Key Facts
- Hungary is a major industrial economy in Central Europe.
- Manufacturing accounts for over 25% of Hungary's GDP.
- Robust industrial output is crucial for Hungary's economic growth.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Monthly' trend measures the year-over-year change in Hungary's industrial production index on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and performance of Hungary's manufacturing sector, which is a key driver of the country's overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of industrial enterprises in Hungary.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors closely monitor this trend to assess manufacturing activity and guide economic decision-making in Hungary.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with minimal delays, providing timely insights into Hungary's industrial production trends.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (HUNPITGND01GYM), retrieved from FRED.