Production: Manufacturing: Consumer Goods: Total for Hungary
Quarterly, Seasonally Adjusted
HUNPRMNCG01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.51
Year-over-Year Change
0.89%
Date Range
1/1/2000 - 7/1/2023
Summary
This series measures the quarterly, seasonally adjusted index of manufacturing output in Hungary. It is a key indicator of the health and productivity 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 Quarterly, Seasonally Adjusted index of manufacturing output in Hungary tracks changes in the volume of manufacturing production over time, adjusted for typical seasonal fluctuations. It is a widely-used metric for assessing the performance and growth of the Hungarian economy.
Methodology
The data is collected through surveys of manufacturing firms and calculated by the Hungarian Central Statistical Office.
Historical Context
Policymakers and analysts monitor this index to gauge the momentum of the Hungarian economy and inform economic policy decisions.
Key Facts
- The index uses 2015 as the base year.
- Manufacturing accounts for over 20% of Hungary's GDP.
- The index reached a record high in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly, seasonally adjusted index of manufacturing output in Hungary. It tracks changes in the volume of manufacturing production over time.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing production index is a key indicator of the health and productivity of the Hungarian industrial sector, which is a major driver of the country's economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms and calculated by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to gauge the momentum of the Hungarian economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The index is published quarterly, with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (HUNPRMNCG01IXOBSAQ), retrieved from FRED.