Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Slovak Republic
LCEAMN01SKQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
176.01
Year-over-Year Change
27.02%
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: Earnings: Economic Activity: Manufacturing: Total Economy for Slovak Republic series tracks the average hourly earnings of workers in the manufacturing industry, serving as an important indicator of economic performance and labor market dynamics.
Methodology
The data is collected through surveys of employers and businesses in the Slovak Republic.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the health of the Slovak economy and make informed decisions.
Key Facts
- Slovakia is a member of the European Union and the Eurozone.
- Manufacturing accounts for a significant portion of the Slovak economy.
- Hourly earnings in the manufacturing sector are an important indicator of economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of workers in the manufacturing sector of the Slovak Republic, providing insights into the country's economic activity and labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for users and analysts as it offers valuable insights into the health of the Slovak economy, particularly the manufacturing sector, which is a crucial component of the country's economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers and businesses in the Slovak Republic.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and market analysts to assess the health of the Slovak economy and make informed decisions regarding economic policies and market strategies.
Q: Are there update delays or limitations?
A: The data is published regularly, 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 (LCEAMN01SKQ661S), retrieved from FRED.