Production: Industry: Total Industry Excluding Construction for Hungary
Index Eurostat base, Monthly, Not Seasonally Adjusted
HUNPRINTO01IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.00
Year-over-Year Change
-3.25%
Date Range
1/1/2000 - 10/1/2023
Summary
This economic indicator tracks monthly changes in the producer price index (PPI) for Hungary, providing insights into domestic manufacturing and industrial sector trends.
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 Producer Price Index (PPI) measures the average change in prices received by domestic producers for their output. It serves as an important gauge of inflationary pressures and industrial sector performance in the Hungarian economy.
Methodology
The data is collected through surveys of domestic producers and calculated by Eurostat.
Historical Context
The PPI is widely used by policymakers, analysts, and businesses to inform economic forecasting and decision-making.
Key Facts
- Hungary's PPI rose 20.7% year-over-year in January 2023.
- The PPI is a leading indicator of future consumer price inflation.
- Manufacturers use the PPI to adjust contract prices and manage costs.
FAQs
Q: What does this economic trend measure?
A: The Producer Price Index (PPI) for Hungary measures the average change in prices received by domestic producers for their output, providing insights into manufacturing and industrial sector trends.
Q: Why is this trend relevant for users or analysts?
A: The PPI is an important indicator of inflationary pressures and industrial sector performance, used by policymakers, analysts, and businesses to inform economic forecasting and decision-making.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated by Eurostat.
Q: How is this trend used in economic policy?
A: The PPI is widely used by policymakers, economists, and market participants to assess industrial sector conditions and monitor inflationary trends that may inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The PPI data is published monthly by Eurostat with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Index Eurostat base, Monthly, Not Seasonally Adjusted (HUNPRINTO01IXEBM), retrieved from FRED.