Producer Prices Index: Type of Goods: Consumer Goods: Total for Hungary
Growth rate previous period, Monthly
HUNPITGCG01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.09
Year-over-Year Change
-109.02%
Date Range
2/1/1998 - 12/1/2022
Summary
The Growth Rate Previous Period, Monthly trend measures the month-over-month change in Hungary's industrial production index. This provides valuable insights into the pace of Hungary's 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
The Growth Rate Previous Period, Monthly indicator tracks the monthly growth rate of Hungary's industrial production. This metric is widely used by economists and policymakers to assess the health and trajectory 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 trend is closely monitored by the Magyar Nemzeti Bank and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Hungary's industrial production grew 7.2% in December 2022 compared to the previous month.
- The manufacturing sector accounts for over 20% of Hungary's GDP.
- The Growth Rate Previous Period, Monthly has averaged 0.3% since 2010.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Monthly measures the month-over-month change in Hungary's industrial production index, providing insights into the pace of the country's economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to assess the health and trajectory of the Hungarian economy, informing decisions on monetary and fiscal policies.
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: The Growth Rate Previous Period, Monthly is closely monitored by the Magyar Nemzeti Bank and other institutions to inform their policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 6-8 weeks.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (HUNPITGCG01GPM), retrieved from FRED.