Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Hungary
Annual
HUNPROCONAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.28
Year-over-Year Change
77.97%
Date Range
1/1/1995 - 1/1/2023
Summary
The Annual trend measures the annual rate of change in industrial production in Hungary. This key economic indicator provides insights into the overall health and performance 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 Annual trend tracks the year-over-year percentage change in Hungary's industrial production index, which covers mining, manufacturing, and utilities. It is a widely watched metric used by economists and policymakers to assess the country's industrial activity and broader economic conditions.
Methodology
The data is collected and calculated by the Hungarian Central Statistical Office.
Historical Context
The Annual trend is closely monitored by the Magyar Nemzeti Bank and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Hungary is a major manufacturing hub in Central Europe.
- Industrial production accounts for over a quarter of Hungary's GDP.
- The Annual trend helps track the business cycle in Hungary.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percentage change in Hungary's industrial production index, which covers mining, manufacturing, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of the overall health and performance of the Hungarian manufacturing sector, providing insights into the country's broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: The Annual trend is closely monitored by the Magyar Nemzeti Bank and other institutions to inform monetary and fiscal policy decisions in Hungary.
Q: Are there update delays or limitations?
A: The Annual trend data is typically published with a short delay, and may be subject to revisions as more complete information becomes available.
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Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Hungary
IRSTCB01HUM156N
Infra-Annual Labor Statistics: Unemployment Total: From 55 to 64 Years for Hungary
LFUN55TTHUA647S
National Accounts: GDP by Expenditure: Current Prices: Gross Fixed Capital Formation for Hungary
HUNGFCFQDSMEI
Citation
U.S. Federal Reserve, Annual (HUNPROCONAISMEI), retrieved from FRED.