Production: Construction: Total for Hungary
PRCNTO01HUQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.89
Year-over-Year Change
-138.53%
Date Range
1/1/1996 - 1/1/2025
Summary
The 'Production: Construction: Total for Hungary' trend measures the total output of the construction industry in Hungary. This metric is a key indicator of economic activity and investment in the country's infrastructure and building projects.
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
This data series tracks the overall production volume in the Hungarian construction sector, including residential, commercial, and civil engineering projects. Construction output is a widely-used gauge of a country's economic health and future growth potential.
Methodology
The data is collected through surveys of construction companies and reported by the Hungarian Central Statistical Office.
Historical Context
Construction activity is closely monitored by policymakers, investors, and economists to assess the state of the Hungarian economy and guide decisions on fiscal, monetary, and infrastructure policies.
Key Facts
- Hungary's construction sector accounts for around 5% of its GDP.
- Construction output fell sharply during the 2008-2009 global financial crisis.
- The industry employs over 300,000 workers in Hungary.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Construction: Total for Hungary' metric tracks the overall output and activity of the construction industry in Hungary, including residential, commercial, and civil engineering projects.
Q: Why is this trend relevant for users or analysts?
A: Construction output is a key indicator of economic health and investment in a country's infrastructure. Monitoring this trend helps policymakers, investors, and economists assess the state of the Hungarian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and reported by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: Construction activity is closely watched by Hungarian policymakers to guide decisions on fiscal, monetary, and infrastructure policies aimed at promoting economic growth and development.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Production: Construction: Total for Hungary (PRCNTO01HUQ659S), retrieved from FRED.