Sales: Retail Trade: Car Registration: Passenger Cars for Hungary
Growth rate same period previous year, Monthly, Seasonally Adjusted
HUNSLRTCR03GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60.30
Year-over-Year Change
-650.39%
Date Range
1/1/2004 - 12/1/2019
Summary
This economic trend measures the year-over-year growth rate of Hungary's retail trade on a monthly basis, adjusted for seasonal variations. It provides insights into consumer demand and spending patterns in the Hungarian economy.
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 growth rate same period previous year, monthly, seasonally adjusted metric tracks changes in Hungary's retail sales volume compared to the same month in the prior year. This data is a key indicator of consumer confidence and economic activity, informing analysts and policymakers about the strength of domestic consumption.
Methodology
The data is collected through surveys of retail businesses and calculated by the Hungarian Central Statistical Office.
Historical Context
This trend is closely monitored by the National Bank of Hungary and other economic authorities to assess inflationary pressures and guide monetary policy decisions.
Key Facts
- Hungary's retail trade grew 5.1% year-over-year in March 2023.
- Retail sales account for over 50% of Hungary's total consumer spending.
- The retail trade trend is a leading indicator of economic health in Hungary.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of Hungary's retail trade on a monthly basis, with seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The retail trade growth rate is a key indicator of consumer demand and confidence, providing insights into the strength of the Hungarian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and calculated by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: The National Bank of Hungary and other authorities closely monitor this trend to assess inflationary pressures and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 30-day lag, and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly, Seasonally Adjusted (HUNSLRTCR03GYSAM), retrieved from FRED.