Producer Prices Index: Type of Goods: Consumer Goods: Total for Hungary
Growth rate same period previous year, Quarterly
HUNPITGCG01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.45
Year-over-Year Change
467.59%
Date Range
1/1/1999 - 10/1/2022
Summary
This economic trend measures the year-over-year growth rate of Hungarian industrial production on a quarterly basis. It provides insight into the health and momentum of the Hungarian industrial 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
The growth rate same period previous year, Quarterly indicator tracks the annual percentage change in Hungarian industrial production, adjusting for seasonal and calendar effects. Economists and policymakers use this metric to assess the strength and trajectory of Hungary's industrial activity.
Methodology
The data is calculated by the Hungarian Central Statistical Office based on survey responses from industrial companies.
Historical Context
Trends in Hungarian industrial production have implications for the country's overall economic performance and policy decisions.
Key Facts
- Hungary is a major industrial economy in Central Europe.
- Industrial output accounts for around 25% of Hungary's GDP.
- Quarterly industrial production data is a leading indicator of economic health.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percent change in Hungarian industrial production on a quarterly basis, adjusted for seasonal and calendar effects.
Q: Why is this trend relevant for users or analysts?
A: Trends in Hungarian industrial production provide valuable insights into the strength and direction of the country's economic activity, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Hungarian Central Statistical Office based on survey responses from industrial companies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this indicator to assess the health of Hungary's industrial sector and make informed decisions about economic policy, including monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical delay of several weeks after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (HUNPITGCG01GYQ), retrieved from FRED.