Production: Construction: Total for Hungary
HUNPRCNTO01GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.30
Year-over-Year Change
-1126.81%
Date Range
2/1/1995 - 6/1/2025
Summary
The 'Production: Construction: Total for Hungary' metric measures the overall volume of construction activity in Hungary, a key indicator of economic growth and infrastructure development.
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
This series represents the total production index for the construction industry in Hungary, providing a comprehensive measure of the sector's output. It is a valuable indicator for economists and policymakers to assess the health and trajectory of the Hungarian economy.
Methodology
The data is collected by the Hungarian Central Statistical Office through surveys of construction firms and projects.
Historical Context
The construction sector is a major driver of economic activity, and this trend is closely monitored by the Hungarian government and international institutions.
Key Facts
- Hungary's construction sector accounts for approximately 5% of its GDP.
- Construction output grew by 8.2% in 2021, indicating a post-pandemic recovery.
- The industry employs over 350,000 workers in Hungary.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total production index for the construction industry in Hungary, providing a comprehensive indicator of construction activity and output.
Q: Why is this trend relevant for users or analysts?
A: The construction sector is a crucial driver of economic growth and infrastructure development, and this trend is a valuable indicator for economists and policymakers to assess the health and trajectory of the Hungarian economy.
Q: How is this data collected or calculated?
A: The data is collected by the Hungarian Central Statistical Office through surveys of construction firms and projects.
Q: How is this trend used in economic policy?
A: The construction production index is closely monitored by the Hungarian government and international institutions as a key indicator of economic activity and infrastructure development.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Production: Construction: Total for Hungary (HUNPRCNTO01GPSAM), retrieved from FRED.