Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Slovak Republic
LCEAMN01SKQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168.50
Year-over-Year Change
27.56%
Date Range
1/1/1992 - 1/1/2025
Summary
This economic trend measures hourly earnings in the manufacturing sector of the Slovak Republic, providing insights into the country's economic activity and labor market conditions.
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 data for the manufacturing sector in the Slovak Republic is a key indicator of economic performance and labor market dynamics. It reflects changes in wages and compensation, which are crucial factors for assessing the overall health of the manufacturing industry and the broader economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys and economic reports from Slovakia.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to evaluate the Slovak Republic's economic competitiveness and employment trends.
Key Facts
- Manufacturing accounts for over 20% of Slovakia's GDP.
- Hourly earnings in Slovak manufacturing have increased by 30% since 2015.
- The manufacturing sector employs over 500,000 workers in Slovakia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the hourly earnings in the manufacturing sector of the Slovak Republic, providing insights into wage levels and economic activity in this crucial industry.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the health and competitiveness of the Slovak manufacturing sector, which is a significant driver of the country's economy. It is closely monitored by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys and economic reports from Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and institutions use this trend to assess the competitiveness of the Slovak manufacturing sector, inform economic policies, and evaluate the overall health of the country's labor market and economy.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the U.S. Federal Reserve, but there may be occasional delays or limitations in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Slovak Republic (LCEAMN01SKQ661N), retrieved from FRED.