Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Hungary
HUNPREND401IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.21
Year-over-Year Change
-0.25%
Date Range
1/1/1992 - 3/1/2024
Summary
This economic trend measures the production volume of the electricity, gas, steam, and air conditioning supply industry in Hungary. It provides insights into the overall economic activity and energy sector performance of 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 levels of the utilities industry, an important indicator of broader economic conditions and energy demand.
Methodology
The data is collected and calculated by the Hungarian Central Statistical Office.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and economists to assess the health of Hungary's energy infrastructure and macroeconomic environment.
Key Facts
- The data is released monthly by the Hungarian Central Statistical Office.
- The electricity, gas, steam, and air conditioning supply industry accounts for over 2% of Hungary's GDP.
- Production levels in this sector are strongly correlated with overall economic growth in Hungary.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of the electricity, gas, steam, and air conditioning supply industry in Hungary. It provides an indicator of activity levels in the utilities sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the health of Hungary's energy infrastructure and broader economic conditions, as the utilities industry is a key component of the country's GDP.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and economists closely monitor this trend to assess the performance of Hungary's energy sector and make informed decisions about economic and energy policy.
Q: Are there update delays or limitations?
A: The data is released monthly by the Hungarian Central Statistical Office with minimal delay.
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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 (HUNPREND401IXOBSAM), retrieved from FRED.