Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Hungary
HUNPREND401IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.69
Year-over-Year Change
-0.63%
Date Range
1/1/1992 - 3/1/2024
Summary
This economic indicator measures the production volume of the electricity, gas, steam, and air conditioning supply industry in Hungary. It provides insights into the overall level of economic activity and energy usage in the country.
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 Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Hungary series tracks the output of this key utility sector. It is a valuable indicator of energy demand and broader economic conditions within Hungary.
Methodology
The data is collected through surveys of companies in the electricity, gas, steam, and air conditioning supply industry.
Historical Context
Policymakers and analysts use this trend to assess energy usage, infrastructure needs, and overall economic performance in Hungary.
Key Facts
- Hungary's electricity, gas, and utilities sector accounts for around 2.5% of GDP.
- Production volume in this industry has grown by an average of 3.5% annually over the past decade.
- The sector employs over 25,000 workers in Hungary.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the production volume of the electricity, gas, steam, and air conditioning supply industry in Hungary, providing insights into energy usage and broader economic activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of energy demand and overall economic conditions in Hungary, making it useful for policymakers, researchers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of companies operating in the electricity, gas, steam, and air conditioning supply industry in Hungary.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess energy usage, infrastructure needs, and the overall performance of the Hungarian economy.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 2-month delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Hungary (HUNPREND401IXOBM), retrieved from FRED.