Producer Prices Index: Type of Goods: Consumer Goods: Total for Hungary
Growth rate same period previous year, Monthly
HUNPITGCG01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.83
Year-over-Year Change
183.21%
Date Range
1/1/1999 - 12/1/2022
Summary
The 'Growth rate same period previous year, Monthly' trend measures the year-over-year change in Hungary's industrial production. This metric is a key indicator of economic health and industrial 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 growth rate of Hungary's industrial production compared to the same month in the previous year. It provides a snapshot of the country's manufacturing and mining output over time, which is crucial for analyzing broader economic conditions.
Methodology
The data is collected through surveys of industrial firms and calculated as a year-over-year percentage change.
Historical Context
Policymakers and analysts closely monitor this indicator to gauge the strength of Hungary's industrial sector and overall economic performance.
Key Facts
- Hungary's industrial production grew 4.9% in January 2023 compared to January 2022.
- The industrial sector accounts for over a quarter of Hungary's GDP.
- Manufacturing is a key driver of Hungary's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of Hungary's industrial production, providing insight into the strength of the country's manufacturing and mining sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of Hungary's economic health and performance, as the industrial sector is a major driver of the country's GDP.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial firms and calculated as a year-over-year percentage change.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to assess the strength of Hungary's industrial sector and make informed decisions about economic policies and interventions.
Q: Are there update delays or limitations?
A: The data is released monthly with a relatively short delay, providing timely insights into Hungary's industrial production.
Related Trends
Harmonized Index of Consumer Prices: Coffee, Tea and Cocoa for Hungary
CP0121HUM086NEST
Labor Compensation: Earnings: Manufacturing: Hourly for Hungary
LCEAMN01HUQ659S
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 74 Years for Hungary
LREM74TTHUQ156S
Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Productivity: Total for Hungary
ULQELP01HUQ661S
Gross Domestic Product for Hungary
MKTGDPHUA646NWDB
Geographical Outreach: Key Indicators ATMs Per 100,000 Adults for Hungary
HUNFCAANUM
Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (HUNPITGCG01GYM), retrieved from FRED.