Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Hungary
Annual, Seasonally Adjusted
HUNPROINDAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.25
Year-over-Year Change
37.38%
Date Range
1/1/1985 - 1/1/2023
Summary
The Industrial Production Index (Hungary) measures the total output of manufacturing, mining, and utilities sectors in Hungary. It is a key indicator of economic activity and production trends.
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 the volume of output from the major industrial sectors of the Hungarian economy. It is a composite index that includes mining, manufacturing, and utilities production. Economists and policymakers use this index to assess the overall health and direction of the industrial economy.
Methodology
The index is calculated by the Hungarian Central Statistical Office based on surveys of industrial producers.
Historical Context
The Industrial Production Index is widely referenced by Hungarian government agencies and the central bank in policy analysis and decision-making.
Key Facts
- Hungary is a major industrial economy in Central Europe.
- The index has a base year of 2015 = 100.
- Industrial production accounts for over a quarter of Hungary's GDP.
FAQs
Q: What does this economic trend measure?
A: The Industrial Production Index measures the total output volume of the manufacturing, mining, and utilities sectors in Hungary.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the overall health and direction of the Hungarian industrial economy, which is a major driver of the country's GDP.
Q: How is this data collected or calculated?
A: The index is calculated by the Hungarian Central Statistical Office based on survey data from industrial producers.
Q: How is this trend used in economic policy?
A: The Industrial Production Index is closely monitored by Hungarian government agencies and the central bank to assess current economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The index data is published monthly with a typical 1-2 month lag from the reference period.
Related Trends
Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Hungary
LMUNRLTTHUM647S
Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks, for Hungary
CRDQHUBPABIS
Consumer Price Index: Health (COICOP 06): Total for Hungary
HUNCP060000IXNBM
Life Insurance Premium Volume to GDP for Hungary
DDDI09HUA156NWDB
Number of Bank Branches for Hungary
DDAI02HUA643NWDB
Infra-Annual Labor Statistics: Labor Force Female: From 15 to 64 Years for Hungary
LFAC64FEHUA647S
Citation
U.S. Federal Reserve, Industrial Production Index (Hungary) (HUNPROINDAISMEI), retrieved from FRED.