Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Hungary
HUNPRMNTO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.40
Year-over-Year Change
-11.33%
Date Range
1/1/1992 - 3/1/2024
Summary
This trend measures the production volume in the manufacturing sector of the Hungarian economy. It provides valuable insights into the overall state of economic activity and can inform policymakers and analysts about market conditions.
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 Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Hungary index tracks the overall production output of the Hungarian manufacturing industry. This metric is a key indicator of the health and trajectory of the broader economy.
Methodology
The data is collected through surveys of manufacturing firms in Hungary and aggregated to calculate the production volume index.
Historical Context
Economists and policymakers monitor this trend to assess the performance of the Hungarian industrial sector and make informed decisions.
Key Facts
- The index is based on 2015 as the base year (2015=100).
- Manufacturing accounts for over 20% of Hungary's GDP.
- Production volumes have fluctuated in recent years due to global supply chain disruptions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume in the manufacturing sector of the Hungarian economy, providing insights into the overall state of industrial activity.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing production index is a key indicator of the health and performance of the Hungarian economy, which is important for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms in Hungary and aggregated to calculate the production volume index.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the performance of the Hungarian industrial sector and make informed decisions about economic policies and interventions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be occasional delays or revisions due to the survey-based nature of the data collection.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Hungary (HUNPRMNTO01IXOBM), retrieved from FRED.