Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Hungary
LCEAMN01HUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
259.26
Year-over-Year Change
196.60%
Date Range
1/1/1995 - 1/1/2024
Summary
This trend measures hourly earnings in the manufacturing sector of the Hungarian economy, providing insights into labor market conditions and productivity.
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 Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Hungary series tracks the average hourly compensation paid to workers in the manufacturing industry, a key indicator of economic performance and competitiveness.
Methodology
The data is collected through surveys of Hungarian employers and businesses.
Historical Context
This metric is widely used by economists, policymakers, and market analysts to assess the health of the Hungarian economy.
Key Facts
- Hungary's manufacturing sector accounts for over 20% of its GDP.
- Hourly earnings in Hungarian manufacturing have risen by 15% over the past 5 years.
- Manufacturing is a key driver of the Hungarian economy's growth and exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly compensation paid to workers in the Hungarian manufacturing sector, providing insights into labor market conditions and productivity.
Q: Why is this trend relevant for users or analysts?
A: Hourly earnings in manufacturing are a key indicator of economic performance and competitiveness, used by economists, policymakers, and market analysts to assess the health of the Hungarian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Hungarian employers and businesses.
Q: How is this trend used in economic policy?
A: This metric is widely used by policymakers to monitor labor market conditions and inform decisions on economic policies and initiatives.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, with a short delay, and provides a comprehensive view of hourly earnings in the Hungarian manufacturing sector.
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Citation
U.S. Federal Reserve, Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Hungary (LCEAMN01HUA661N), retrieved from FRED.