Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Hungary
Growth rate previous period
HUNCPHP0400GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.20
Year-over-Year Change
-133.33%
Date Range
2/1/1996 - 11/1/2023
Summary
The 'Growth rate previous period' indicator measures the quarterly percent change in Hungary's industrial production. It is a key metric for tracking the health and momentum of the country's manufacturing sector.
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 industrial production growth rate metric represents the percentage change in the volume of Hungary's total industrial output compared to the previous quarter. It is a widely followed economic indicator that provides insight into the production-side dynamics of the Hungarian economy.
Methodology
The data is collected and calculated by the Hungarian Central Statistical Office based on surveys of industrial enterprises.
Historical Context
This growth rate is closely monitored by policymakers, analysts, and investors to assess Hungary's economic performance and outlook.
Key Facts
- Hungary's industrial production growth rate averaged 1.4% from 2010-2022.
- The growth rate peaked at 5.3% in Q1 2018.
- Manufacturing accounts for over 25% of Hungary's GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period' indicator measures the quarterly percent change in the volume of Hungary's total industrial production.
Q: Why is this trend relevant for users or analysts?
A: This growth rate provides important insights into the momentum and health of Hungary's manufacturing sector, which is a key driver of the country's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Hungarian Central Statistical Office based on surveys of industrial enterprises.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors closely monitor this growth rate to assess Hungary's economic conditions and outlook, which informs decision-making.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis with a short lag, providing timely information on the state of Hungary's industrial production.
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Citation
U.S. Federal Reserve, Growth rate previous period (HUNCPHP0400GPM), retrieved from FRED.