Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Hungary
Quarterly, Seasonally Adjusted
HUNPROMANQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.16
Year-over-Year Change
-0.56%
Date Range
1/1/1992 - 1/1/2024
Summary
The Quarterly, Seasonally Adjusted trend measures the manufacturing production index for Hungary. This indicator is a key statistic used by economists to assess the health and growth 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 manufacturing production index tracks changes in the volume of production within the Hungarian manufacturing industry. It is a widely followed metric for evaluating the performance and trajectory of the country's industrial economy.
Methodology
The data is collected through surveys of manufacturing establishments and calculated as an index relative to a base year.
Historical Context
The manufacturing production index informs economic policy decisions and is closely watched by market analysts.
Key Facts
- Hungary is a major manufacturing hub in Central Europe.
- Manufacturing accounts for over 20% of Hungary's GDP.
- The index reached an all-time high in 2021.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted trend measures changes in the volume of manufacturing production in Hungary.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing production index is a key indicator of industrial activity and economic health in Hungary.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: The manufacturing production index informs economic policy decisions and is closely watched by market analysts.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a short publication delay.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (HUNPROMANQISMEI), retrieved from FRED.