Leading Indicators OECD: Component Series: Car Registration: Sales: Original Series for Spain
ESPLOCOVRORIXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.73
Year-over-Year Change
14.73%
Date Range
1/1/1960 - 12/1/2023
Summary
The Leading Indicators OECD: Component Series: Car Registration: Sales: Original Series for Spain is a key economic indicator that tracks new car sales in Spain. It provides insight into consumer confidence and spending trends.
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 indicator measures the volume of new car registrations in Spain, which is a proxy for consumer demand and overall economic activity. It is a leading indicator used by economists and policymakers to anticipate broader economic conditions.
Methodology
The data is collected by Spain's national statistical agency from records of new vehicle registrations.
Historical Context
This trend is closely monitored by analysts to gauge the health of Spain's consumer and automotive sectors.
Key Facts
- New car sales in Spain fell sharply during the 2008-2009 recession.
- Spain's car sales have generally trended upward since 2014.
- The automotive industry is a major part of Spain's manufacturing sector.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the volume of new car registrations in Spain, which is a proxy for consumer demand and overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator provides insight into consumer confidence and spending patterns, which are key drivers of Spain's broader economic performance.
Q: How is this data collected or calculated?
A: The data is collected by Spain's national statistical agency from records of new vehicle registrations.
Q: How is this trend used in economic policy?
A: Analysts and policymakers closely monitor this indicator to gauge the health of Spain's consumer and automotive sectors, which have important implications for the overall economy.
Q: Are there update delays or limitations?
A: The data is generally released with a short lag, allowing for timely analysis of current economic conditions.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Spain
ESPCP060000IXOBQ
Financial System Deposits to GDP for Spain
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Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Unfilled Vacancies for Spain
LMJVTTUVESM647S
Balance of Payments: Other Investment: Liabilities (or Net Incurrence of Liabilities) for Spain
ESPB6FAOI03NCCUQ
International Merchandise Trade Statistics: Imports: Commodities for Spain
ESPXTIMVA01CXMLQ
International Trade: Exports: Value (Goods): Total for Spain
XTEXVA01ESQ188S
Citation
U.S. Federal Reserve, Leading Indicators OECD: Component Series: Car Registration: Sales: Original Series for Spain (ESPLOCOVRORIXOBSAM), retrieved from FRED.