Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Hungary
PRCNTO01HUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.71
Year-over-Year Change
10.22%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic trend measures the production volume of construction activity in Hungary. It is a key indicator of the health and momentum of the Hungarian construction sector and broader economic activity.
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 Production Volume: Economic Activity: Construction for Hungary metric tracks the volume of construction output over time. It is an important barometer of construction industry performance and a broader signal of economic conditions in Hungary.
Methodology
This data is collected through surveys of construction firms and builders in Hungary.
Historical Context
Policymakers and analysts use this metric to gauge the state of the Hungarian economy and assess the construction industry's contribution.
Key Facts
- Construction accounts for around 5% of Hungary's GDP.
- Production volumes hit a multi-year low in 2020 due to the COVID-19 pandemic.
- The construction industry employs over 300,000 workers in Hungary.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the production volume or output of the construction industry in Hungary over time.
Q: Why is this trend relevant for users or analysts?
A: Construction activity is a key driver of economic growth, so this trend provides important insights into the health and momentum of the Hungarian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and builders across Hungary.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the state of the construction industry and broader economic conditions in Hungary.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the metric may not capture all informal or unregistered construction activity.
Related Trends
Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Hungary
HUNCPHP0400IXEBM
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Hungary
LRHU24MAHUA156N
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Hungary
PRINTO01HUQ661N
Infra-Annual Labor Statistics: Employment Female: 15 Years or over for Hungary
LFEMTTFEHUQ657S
Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for Hungary
HUNLORSGPRTSTSAM
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for Hungary
LFIN55TTHUQ647N
Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Hungary (PRCNTO01HUQ661N), retrieved from FRED.