Labor Compensation: Earnings: Manufacturing: Hourly for Hungary
LCEAMN01HUQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.94
Year-over-Year Change
-23.79%
Date Range
1/1/1996 - 1/1/2025
Summary
This economic trend measures hourly labor compensation in the manufacturing sector of Hungary. It provides valuable insights into the cost and productivity dynamics of the country's industrial workforce.
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 Labor Compensation: Earnings: Manufacturing: Hourly for Hungary series tracks the average hourly wage and benefits paid to workers in the Hungarian manufacturing industry. This metric is closely monitored by economists and policymakers to assess the competitiveness and inflationary pressures within the national economy.
Methodology
The data is collected through surveys of manufacturing companies and compiled by the national statistical agency.
Historical Context
This trend is used to inform monetary and fiscal policies, as well as to analyze Hungary's export competitiveness and domestic demand conditions.
Key Facts
- Hungary's manufacturing sector accounts for over 25% of GDP.
- Manufacturing wages have grown by an average of 4.5% annually since 2015.
- Hourly labor costs in Hungary are about 60% of the Eurozone average.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the average hourly wage and benefits paid to workers in the Hungarian manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: It provides valuable insights into the cost and productivity dynamics of Hungary's industrial workforce, which is crucial for assessing the country's economic competitiveness and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing companies and compiled by the national statistical agency.
Q: How is this trend used in economic policy?
A: This trend is used to inform monetary and fiscal policies, as well as to analyze Hungary's export competitiveness and domestic demand conditions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical delay of 2-3 months.
Related Trends
Harmonized Index of Consumer Prices: Overall Index Excluding Alcohol and Tobacco for Hungary
00XALCHUM086NEST
Sales: Retail Trade: Car Registration: Passenger Cars for Hungary
HUNSLRTCR03GPSAM
National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Hungary
NAEXKP04HUQ189S
Employment to Population Rate: All Ages: All Persons for Hungary
LREPTTTTHUQ156S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Hungary
HUNCPIENGQINMEI
Central Bank Assets to GDP for Hungary
DDDI06HUA156NWDB
Citation
U.S. Federal Reserve, Labor Compensation: Earnings: Manufacturing: Hourly for Hungary (LCEAMN01HUQ659S), retrieved from FRED.