Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Hungary
HUNPROCONMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.42
Year-over-Year Change
-5.95%
Date Range
1/1/1995 - 3/1/2024
Summary
This economic trend measures the production volume of the construction industry in Hungary, providing insights into the overall economic activity and growth in the construction 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 Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Hungary data series tracks the production volume in the Hungarian construction industry. This metric is a key indicator of the health and performance of the construction sector, which is an important driver of economic growth and development.
Methodology
The data is collected through surveys of construction companies and contractors in Hungary.
Historical Context
This construction production data is used by policymakers, economists, and market analysts to assess the state of the Hungarian economy and make informed decisions.
Key Facts
- Construction is a significant sector of the Hungarian economy.
- Production volume in construction can signal broader economic trends.
- The data is collected through surveys of construction companies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of the construction industry in Hungary, providing insights into the overall economic activity and growth in the construction sector.
Q: Why is this trend relevant for users or analysts?
A: The construction industry is a key driver of economic growth, and this data is used by policymakers, economists, and market analysts to assess the state of the Hungarian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and contractors in Hungary.
Q: How is this trend used in economic policy?
A: This construction production data is used by policymakers, economists, and market analysts to assess the state of the Hungarian economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and potential limitations of survey-based economic indicators.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Hungary (HUNPROCONMISMEI), retrieved from FRED.