Production: Manufacturing: Total Manufacturing for Hungary
PRMNTO01HUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.06
Year-over-Year Change
-139.51%
Date Range
4/1/1992 - 1/1/2025
Summary
The 'Production: Manufacturing: Total Manufacturing for Hungary' trend measures the overall output of the manufacturing sector in Hungary. This data provides valuable insights into the health and performance 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 economic indicator tracks the total volume of manufacturing production in Hungary, including industries like automotive, electronics, and machinery. It serves as a key gauge of industrial activity and economic growth in the country.
Methodology
The data is collected and calculated by the Hungarian Central Statistical Office using surveys of manufacturing establishments.
Historical Context
Policymakers and analysts closely monitor this metric to assess the broader economic conditions and manufacturing competitiveness in Hungary.
Key Facts
- Hungary is a major manufacturing hub in Central Europe.
- Manufacturing accounts for over 20% of Hungary's GDP.
- The sector employs more than 800,000 workers in the country.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Manufacturing: Total Manufacturing for Hungary' trend measures the overall output of the manufacturing sector in the country, providing a gauge of industrial activity and economic growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers and economists to assess the health and competitiveness of the Hungarian economy, as manufacturing is a crucial driver of growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Hungarian Central Statistical Office using surveys of manufacturing establishments in the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this manufacturing production data to inform decisions on fiscal, monetary, and industrial policies aimed at supporting economic growth and competitiveness in Hungary.
Q: Are there update delays or limitations?
A: The manufacturing production data is typically released with a 1-2 month delay, and may be subject to revisions as more complete information becomes available.
Related Trends
Literacy Rate, Adult Total for Hungary
SEADTLITRZSHUN
Residential Property Prices for Hungary
QHUN628BIS
Business Tendency Surveys: Order Books: Economic Activity: Construction: Current for Hungary
BCOBLV02HUM460S
National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Hungary
NAEXKP02HUQ189S
Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Hungary
LCEAMN01HUQ661N
Harmonized Index of Consumer Prices: Motor Cars for Hungary
CP0711HUM086NEST
Citation
U.S. Federal Reserve, Production: Manufacturing: Total Manufacturing for Hungary (PRMNTO01HUQ657S), retrieved from FRED.