Percent Change, Quarterly, Not Seasonally Adjusted
HUNULCMANQPNMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.06
Year-over-Year Change
162.26%
Date Range
4/1/1992 - 1/1/2011
Summary
This economic trend measures the quarterly percent change in unit labor costs for the manufacturing sector in Hungary. It provides insights into productivity and inflationary pressures.
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
Unit labor costs track the average cost of labor per unit of output. This metric is widely used by economists and policymakers to assess competitiveness, monitor inflation, and inform monetary and fiscal policy decisions.
Methodology
The data is calculated by the OECD based on national labor force and production statistics.
Historical Context
Trends in unit labor costs are closely watched by central banks and financial markets as an indicator of a country's economic health.
Key Facts
- Measured quarterly, not seasonally adjusted.
- Helps track changes in labor productivity and inflationary pressures.
- Widely used by economists and policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly percent change in unit labor costs for the manufacturing sector in Hungary. Unit labor costs track the average cost of labor per unit of output.
Q: Why is this trend relevant for users or analysts?
A: Trends in unit labor costs are closely watched by economists and policymakers as an indicator of a country's competitiveness, productivity, and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national labor force and production statistics.
Q: How is this trend used in economic policy?
A: Central banks and financial markets use this metric to assess a country's economic health and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly, with some delay in availability. There may be limitations in cross-country comparisons due to differences in data collection and calculation methodologies.
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Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Hungary
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Nominal Total Credit to General Government, Adjusted for Breaks, for Hungary
QHUGAN770A
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Hungary
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Citation
U.S. Federal Reserve, Percent Change, Quarterly, Not Seasonally Adjusted (HUNULCMANQPNMEI), retrieved from FRED.