Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Hungary
Index 2015=100, Quarterly, Seasonally Adjusted
HUNMANMM101IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
269.04
Year-over-Year Change
14.41%
Date Range
1/1/1990 - 7/1/2023
Summary
This economic indicator tracks the quarterly, seasonally adjusted Manufacturing Purchasing Managers' Index (PMI) for Hungary. The PMI is a widely-watched gauge of manufacturing activity and economic health.
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
The Manufacturing PMI for Hungary is a composite index that measures the state of the manufacturing sector. It is based on a survey of purchasing managers at private sector companies, providing an early indicator of production, employment, new orders, and other key economic variables.
Methodology
The data is collected through a monthly survey of purchasing managers at manufacturing firms.
Historical Context
The Hungarian PMI is closely monitored by policymakers and analysts to assess the country's economic performance and outlook.
Key Facts
- The PMI ranges from 0 to 100, with 50 indicating no change in activity.
- A reading above 50 signals expansion, while below 50 indicates contraction.
- The Hungarian PMI is published monthly by the Hungarian Association of Logistics, Purchasing and Inventory Management.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Quarterly, Seasonally Adjusted series measures the Manufacturing Purchasing Managers' Index (PMI) for Hungary, a key indicator of manufacturing activity and economic conditions.
Q: Why is this trend relevant for users or analysts?
A: The Hungarian PMI is a widely-watched metric that provides an early signal of the health of the country's manufacturing sector and broader economic performance. It is closely followed by policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of purchasing managers at manufacturing firms in Hungary.
Q: How is this trend used in economic policy?
A: The Hungarian PMI is used by the central bank, government, and other policymakers to assess the state of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The PMI data is published monthly, with a short delay, and provides a timely snapshot of manufacturing conditions in Hungary.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly, Seasonally Adjusted (HUNMANMM101IXOBSAQ), retrieved from FRED.