Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Hungary
HUNPRINTO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.76
Year-over-Year Change
-10.48%
Date Range
1/1/1980 - 3/1/2024
Summary
This economic trend measures industrial production volume in Hungary, excluding the construction sector. It provides a key indicator of overall economic activity and growth.
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 tracks changes in the volume of goods produced by Hungary's manufacturing, mining, and utilities industries. It is a widely-used metric for assessing the health and momentum of the broader Hungarian economy.
Methodology
The data is collected through monthly surveys of industrial companies and calculated as an index relative to a base year.
Historical Context
Policymakers and analysts closely monitor this indicator to inform decisions on fiscal, monetary, and industrial policies.
Key Facts
- Hungary's industrial production index has a base year of 2015.
- The index covers around 75% of total industrial activity in the country.
- Manufacturing makes up the largest component of the index at over 70%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly change in the volume of industrial production in Hungary, excluding the construction sector.
Q: Why is this trend relevant for users or analysts?
A: The industrial production index is a key indicator of overall economic activity and growth in Hungary, providing insights into the health and momentum of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of industrial companies and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to inform decisions on fiscal, monetary, and industrial policies in Hungary.
Q: Are there update delays or limitations?
A: The industrial production index is published monthly, with a typical delay of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Hungary (HUNPRINTO01IXOBM), retrieved from FRED.