Sales: Retail Trade: Car Registration: Passenger Cars for Czech Republic
CZESACRQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.73
Year-over-Year Change
-11.44%
Date Range
1/1/2003 - 10/1/2018
Summary
The 'Sales: Retail Trade: Car Registration: Passenger Cars for Czech Republic' series measures the number of new passenger car registrations in the Czech Republic, providing insight into consumer demand and the health of the automotive industry.
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 monthly changes in the number of new passenger vehicles registered in the Czech Republic. It is a key metric for understanding trends in consumer spending, transportation usage, and the overall performance of the automotive sector.
Methodology
The data is collected by the Czech Statistical Office through mandatory vehicle registration reporting.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and economists to assess consumer confidence and the broader economic climate.
Key Facts
- The Czech Republic registered over 1 million new passenger cars in 2022.
- Passenger car registrations in the Czech Republic have grown by an average of 3.5% annually over the past decade.
- The automotive industry accounts for over 9% of the Czech Republic's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new passenger vehicle registrations in the Czech Republic, providing insight into consumer demand and spending in the automotive sector.
Q: Why is this trend relevant for users or analysts?
A: The passenger car registration data is a key indicator of consumer confidence and economic health, closely watched by policymakers, industry analysts, and economists.
Q: How is this data collected or calculated?
A: The data is collected by the Czech Statistical Office through mandatory vehicle registration reporting.
Q: How is this trend used in economic policy?
A: Passenger car registration figures are used by policymakers, central banks, and market analysts to assess consumer spending patterns, transportation usage, and the overall performance of the automotive industry.
Q: Are there update delays or limitations?
A: The data is reported monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Czech Republic (CZESACRQISMEI), retrieved from FRED.