Production: Industry: Total Industry Excluding Construction for Hungary
Growth rate same period previous year
PRINTO01HUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.78
Year-over-Year Change
174.07%
Date Range
1/1/1986 - 1/1/2024
Summary
The 'Growth rate same period previous year' measures the year-over-year percent change in industrial production in Hungary. This metric is a key indicator of economic growth and manufacturing 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
This industrial production growth rate tracks the annual change in the volume of goods produced by Hungarian manufacturers, mining companies, and utilities. It is an important barometer of the overall health of the Hungarian economy.
Methodology
The data is calculated by the Hungarian Central Statistical Office based on surveys of industrial enterprises.
Historical Context
Policymakers and analysts use this metric to assess the strength of the Hungarian economy and inform decisions about fiscal and monetary policy.
Key Facts
- Hungary is a major manufacturing hub in Central Europe.
- Industrial production accounts for over 25% of Hungary's GDP.
- Year-over-year growth averaged 4.5% from 2010-2019.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year' tracks the annual percent change in the volume of industrial production in Hungary, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the health and direction of the Hungarian economy, providing insight into manufacturing activity, business investment, and overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial enterprises conducted by the Hungarian Central Statistical Office and calculated as the year-over-year percent change.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this industrial production growth rate to assess the strength of the Hungarian economy and inform decisions about fiscal, monetary, and industrial policies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag. There may also be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (PRINTO01HUA659S), retrieved from FRED.