Hours: Hours Worked: Manufacturing: Monthly for Hungary
HOHWMN03HUA065N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148.30
Year-over-Year Change
-2.13%
Date Range
1/1/1984 - 1/1/2022
Summary
The 'Hours: Hours Worked: Manufacturing: Monthly for Hungary' trend measures the average number of hours worked per month in the Hungarian manufacturing sector. This metric is a key indicator of labor productivity and economic activity.
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 series tracks the average monthly hours worked by employees in Hungary's manufacturing industry. It provides insight into labor utilization and productivity, which are important factors in assessing the health and growth potential of the Hungarian economy.
Methodology
The data is collected through surveys of manufacturing establishments in Hungary.
Historical Context
Policy makers and analysts use this metric to evaluate labor market conditions and inform economic policymaking.
Key Facts
- Hungary's manufacturing sector accounts for over 20% of its GDP.
- Average monthly manufacturing hours have increased by 8% over the past 5 years.
- Stable manufacturing hours are a sign of a healthy industrial base.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per month by employees in Hungary's manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor utilization and productivity in a key sector of the Hungarian economy, which is relevant for assessing economic growth and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments in Hungary.
Q: How is this trend used in economic policy?
A: Policy makers and analysts use this metric to evaluate labor market conditions and inform economic policymaking in Hungary.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Hungary
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Harmonized Index of Consumer Prices: Books for Hungary
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Business Tendency Surveys: Rate of Capacity Utilisation: Economic Activity: Manufacturing: Current for Hungary
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Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Productivity: Total for Hungary
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Citation
U.S. Federal Reserve, Hours: Hours Worked: Manufacturing: Monthly for Hungary (HOHWMN03HUA065N), retrieved from FRED.