Leading Indicators OECD: Component series: Car registration - sales: Normalised for Estonia
ESTLOCOVRNOSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.57
Year-over-Year Change
1.22%
Date Range
1/1/2003 - 10/1/2022
Summary
The Leading Indicators OECD: Component series: Car registration - sales: Normalised for Estonia measures consumer demand for new automobiles in Estonia, a key indicator of economic activity and consumer confidence.
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 series tracks the normalized number of new car registrations in Estonia, providing insight into consumer spending and durable goods purchases. It is a component of the OECD's Composite Leading Indicators (CLI), which are used to anticipate turning points in economic activity.
Methodology
The data is collected by national statistical agencies and compiled by the OECD.
Historical Context
Policymakers and economists monitor this series to gauge the strength of the Estonian economy and consumer sentiment.
Key Facts
- Estonia is a member of the OECD.
- New car sales are a leading indicator of economic activity.
- The OECD CLI tracks economic turning points.
FAQs
Q: What does this economic trend measure?
A: This trend measures the normalized number of new car registrations in Estonia, which is a component of the OECD's Composite Leading Indicators.
Q: Why is this trend relevant for users or analysts?
A: New car sales are a leading indicator of economic activity and consumer confidence, so this trend provides insight into the health of the Estonian economy.
Q: How is this data collected or calculated?
A: The data is collected by national statistical agencies and compiled by the OECD.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this series to gauge the strength of the Estonian economy and consumer sentiment.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines of national statistical agencies and the OECD's compilation process.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Component series: Car registration - sales: Normalised for Estonia (ESTLOCOVRNOSTSAM), retrieved from FRED.