Sales: Retail Trade: Car Registration: Passenger Cars for Austria
AUTSLRTCR03GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.49
Year-over-Year Change
-191.38%
Date Range
1/1/1958 - 3/1/2023
Summary
This economic trend measures the monthly sales of passenger cars in Austria's retail trade sector. It provides insights into consumer spending and demand in the automotive market.
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 Retail Trade: Car Registration: Passenger Cars for Austria series tracks the number of new passenger car registrations, which serve as a proxy for retail sales in the automotive industry. This data is used by economists and policymakers to analyze consumer confidence, spending patterns, and the overall health of the Austrian economy.
Methodology
The data is collected by the Austrian Federal Ministry of Finance through vehicle registration records.
Historical Context
This trend is closely monitored by automakers, retailers, and government agencies to inform economic policy and business strategy.
Key Facts
- Austria's passenger car sales represent about 2% of total European Union car sales.
- New car registrations in Austria have increased by an average of 3.5% annually over the past decade.
- The automotive industry accounts for over 8% of Austria's total GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly sales of new passenger cars registered in Austria's retail trade sector, providing insight into consumer demand and spending in the automotive market.
Q: Why is this trend relevant for users or analysts?
A: This data is closely monitored by economists, policymakers, and industry stakeholders to assess consumer confidence, spending patterns, and the overall health of the Austrian economy.
Q: How is this data collected or calculated?
A: The data is collected by the Austrian Federal Ministry of Finance through vehicle registration records.
Q: How is this trend used in economic policy?
A: Automotive sales figures are used by government agencies and central banks to inform economic policy decisions, such as adjusting interest rates or implementing stimulus measures to support consumer spending.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 4-6 weeks. There may be seasonal variations or one-time events that can affect the interpretation of the data.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Austria (AUTSLRTCR03GYSAM), retrieved from FRED.