A–Z of economic indicators

The Halifax House Price Index MoM is a monthly measure of changes in standardised UK house prices from the Halifax/Lloyds house price series.

The Halifax House Price Index year-over-year change tracks annual changes in UK house prices using Halifax/Lloyds mortgage approvals data.

The Hungary HALPIM Manufacturing PMI is a monthly purchasing-manager survey that tracks whether Hungarian manufacturing conditions are improving or deteriorating.

HICP annual inflation measures year-on-year consumer price changes using Europe’s comparable inflation index.

Hawkish describes a central bank stance that leans towards tighter policy: higher interest rates, reduced stimulus, and a strong focus on controlling inflation even at some cost to growth. Hawkish language in a statement, minutes or speech usually strengthens the currency, because higher expected rates make holding that currency more attractive to investors.

A monthly survey of purchasing managers that provides an early read on conditions in euro-area manufacturing.

An early monthly survey of business conditions in Germany's service sector.

An early monthly indicator of business activity across Germany's manufacturing and services sectors.

A monthly measure of annual consumer-price inflation in the German state of Hesse.

A monthly measure of changes in consumer prices in Hesse, expressed here against the previous month.

A scheduled release with a strong record of moving markets sharply — for example inflation, employment data or an interest-rate decision.

When price stays at its new level after a move instead of drifting back — the sign that the move was accepted.

A monthly measure of Hong Kong's foreign-currency reserve holdings, reported in US dollars.

Annual growth in Hong Kong dollar M3 money supply, published by the HKMA.

A monthly ABS indicator showing how Australian household spending changes from the previous month.

Australia Household Spending YoY tracks annual growth in household spending and offers a timely signal of consumer demand.

A Hungarian government auction of one-year discount Treasury bills, watched for short-term HUF funding conditions and demand for Hungarian sovereign debt.

This is an auction of short-term Hungarian government bills that mature in about three months. The bills are sold below face value, and the difference implies the yield investors earn.

An auction of Hungarian forint-denominated government bonds with an approximately three-year maturity, used to fund the state and reveal investor demand at the short-to-intermediate part of Hungary's yield curve.

A regular auction of HUF-denominated Hungarian government bonds with an approximately five-year maturity, used to gauge sovereign funding conditions and investor demand.

The MNB rate paid on eligible counterparties’ overnight deposits at Hungary’s central bank.