Production: Manufacturing: Total Manufacturing for Hungary
HUNPRMNTO01IXEBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.67
Year-over-Year Change
6.97%
Date Range
1/1/2000 - 7/1/2023
Summary
The 'Production: Manufacturing: Total Manufacturing for Hungary' trend measures the overall output of the Hungarian manufacturing sector. It is a key economic indicator used by policymakers and analysts to assess the health and trajectory of the country's industrial production.
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 manufacturing production index tracks changes in the total volume of goods produced across Hungary's entire manufacturing industry. It provides insights into the broader state of the country's industrial activity and economic growth.
Methodology
The data is collected through surveys of manufacturing firms and calculated as an index by the Hungarian Central Statistical Office.
Historical Context
The manufacturing production index is closely monitored by the Hungarian government and the European Central Bank to inform economic policy decisions.
Key Facts
- Hungary's manufacturing sector accounts for over 20% of its GDP.
- The index uses 2015 as its base year of 100.
- Manufacturing production has grown steadily in Hungary since the early 2010s.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Manufacturing: Total Manufacturing for Hungary' trend measures the overall volume of goods produced across Hungary's entire manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This manufacturing production index is a key indicator of Hungary's industrial activity and broader economic health, providing insights that inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms and calculated as an index by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: The manufacturing production index is closely monitored by the Hungarian government and the European Central Bank to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The manufacturing production data is published on a monthly basis with minimal delay.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Total Manufacturing for Hungary (HUNPRMNTO01IXEBQ), retrieved from FRED.