Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Hungary
LCEAMN01HUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
272.84
Year-over-Year Change
47.91%
Date Range
1/1/1995 - 1/1/2025
Summary
The 'Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Hungary' trend measures average hourly earnings in the Hungarian manufacturing sector. This provides valuable insights into labor costs and productivity in a key component of the Hungarian economy.
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
This data series tracks the average hourly wage paid to workers in the Hungarian manufacturing industry. It is an important indicator of labor market conditions, production costs, and overall economic activity. Economists and policymakers use this metric to assess the competitiveness and growth potential of Hungary's manufacturing sector.
Methodology
The data is collected through surveys of employers by the Hungarian Central Statistical Office.
Historical Context
Hourly earnings data helps inform monetary and fiscal policies aimed at promoting a healthy, productive manufacturing base in Hungary.
Key Facts
- Hungary's manufacturing sector accounts for over 20% of GDP.
- Hourly wages in Hungarian manufacturing have risen steadily over the past decade.
- Manufacturing is a key driver of Hungary's export-oriented economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage paid to workers in the Hungarian manufacturing sector. It provides insights into labor costs and productivity in a key part of the Hungarian economy.
Q: Why is this trend relevant for users or analysts?
A: Hourly earnings data for the Hungarian manufacturing industry is important for understanding labor market conditions, production costs, and overall economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: Hourly earnings in manufacturing help inform monetary and fiscal policies aimed at promoting a healthy, productive manufacturing base in Hungary.
Q: Are there update delays or limitations?
A: There may be some time lag in the availability of the most recent data, as is common with labor market statistics.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Hungary
HUNCPHP0300GYM
Harmonized Index of Consumer Prices: Equipment for Sport, Camping and Open-Air Recreation for Hungary
CP0932HUM086NEST
Geographical Outreach: Key Indicators ATMs Per 100,000 Adults for Hungary
HUNFCAANUM
Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 74 Years for Hungary
LRAC74MAHUQ156N
Harmonized Index of Consumer Prices: Overall Index Excluding Alcohol and Tobacco for Hungary
00XALCHUM086NEST
National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Hungary
NAEXKP01HUQ657S
Citation
U.S. Federal Reserve, Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Hungary (LCEAMN01HUQ661N), retrieved from FRED.