Percent Change, Annual, Not Seasonally Adjusted
HUNULCMANAPNMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7.99
Year-over-Year Change
-197.79%
Date Range
1/1/1993 - 1/1/2010
Summary
This economic indicator measures the annual percent change in unit labor costs for the manufacturing sector in Hungary. It provides insights into inflationary pressures and productivity 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 Percent Change, Annual, Not Seasonally Adjusted series tracks the year-over-year change in unit labor costs for Hungary's manufacturing industry. Unit labor costs reflect the average cost of labor per unit of output, which is a key metric for analyzing manufacturing competitiveness and cost-push inflation.
Methodology
The data is calculated based on labor compensation and real output statistics collected by Hungary's national statistical agency.
Historical Context
Policymakers and analysts use this indicator to assess the manufacturing sector's competitive position and inflationary dynamics.
Key Facts
- Hungary's manufacturing unit labor costs rose 10.4% in 2021.
- Unit labor costs are a key indicator of competitiveness and price pressures.
- Analysts track this metric to gauge productivity and inflationary trends.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the annual percent change in unit labor costs for the manufacturing sector in Hungary. Unit labor costs reflect the average cost of labor per unit of output.
Q: Why is this trend relevant for users or analysts?
A: Monitoring manufacturing unit labor costs provides insights into a country's manufacturing competitiveness, productivity, and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is calculated based on labor compensation and real output statistics collected by Hungary's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the manufacturing sector's competitive position and inflationary dynamics, which informs economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: There may be a delay of several months in the availability of the most recent data, and the series is not seasonally adjusted.
Related Trends
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 25 Years or over for Hungary
LRHUADFEHUQ156S
Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Hungary
CPGRLE01HUM657N
Production: Industry: Total Industry Excluding Construction for Hungary
HUNPRINTO01GPSAM
Harmonized Unemployment: Monthly Levels: Aged 25 and over: Females for Hungary
LFHUADFEHUM647S
Harmonized Index of Consumer Prices: Combined Passenger Transport for Hungary
CP0735HUM086NEST
Monetary Aggregates and Their Components: Broad Money and Components: M3 for Hungary
MABMM301HUM189N
Citation
U.S. Federal Reserve, Percent Change, Annual, Not Seasonally Adjusted (HUNULCMANAPNMEI), retrieved from FRED.