Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Hungary
BSCICP03HUM665S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.30
Year-over-Year Change
-0.88%
Date Range
1/1/1996 - 1/1/2024
Summary
The Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Hungary measures changes in the overall business confidence level in Hungary, providing insights into the country's economic conditions and near-term growth outlook.
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 indicator is a composite index that aggregates various business survey data to assess the overall confidence and forward-looking sentiment of Hungarian companies. It is used by economists and policymakers to anticipate turning points in the business cycle and inform policy decisions.
Methodology
The data is collected through surveys of businesses and aggregated by the OECD.
Historical Context
This indicator is closely monitored by the Hungarian government and the central bank to gauge the health of the domestic economy.
Key Facts
- The index ranges from 0 to 100, with 100 representing the highest level of business confidence.
- Hungary's Composite Business Confidence index reached a record high of 102.75 in March 2022.
- The index has shown strong correlation with Hungary's GDP growth over time.
FAQs
Q: What does this economic trend measure?
A: The Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Hungary measures the overall level of business confidence and sentiment in the Hungarian economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the near-term growth outlook for the Hungarian economy, helping analysts and policymakers anticipate turning points in the business cycle.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and aggregated by the OECD to create the composite index.
Q: How is this trend used in economic policy?
A: The Hungarian government and central bank closely monitor this indicator to gauge the health of the domestic economy and inform their policy decisions.
Q: Are there update delays or limitations?
A: The Composite Business Confidence index for Hungary is published monthly with a typical release lag of around 2 months.
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Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for Hungary
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Leading Indicators OECD: Leading indicators: CLI: Trend restored for Hungary
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Hungary (BSCICP03HUM665S), retrieved from FRED.