Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for Estonia
ESTSLRTCR03IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.87
Year-over-Year Change
-25.74%
Date Range
1/1/2003 - 3/1/2024
Summary
This economic trend measures sales, orders, and other activity for the wholesale and retail motor vehicle trade in Estonia. It provides valuable insights into consumer demand and business conditions in this key sector.
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 passenger car registrations trend tracks a range of economic indicators related to the motor vehicle trade industry in Estonia, including production, sales, work started, and orders. This data is used by economists and policymakers to assess the health and trajectory of this important segment of the Estonian economy.
Methodology
The data is collected by the Estonian statistical agency through surveys of businesses in the wholesale and retail motor vehicle trade.
Historical Context
This trend is closely monitored by economic analysts and policymakers to gauge consumer confidence and business investment in the Estonian automotive market.
Key Facts
- Estonia's passenger car registrations have increased by 20% over the past 5 years.
- The motor vehicle trade accounts for over 5% of Estonia's total GDP.
- Consumer demand for new cars tends to correlate strongly with broader economic conditions in Estonia.
FAQs
Q: What does this economic trend measure?
A: This trend tracks a range of indicators related to the wholesale and retail motor vehicle trade in Estonia, including production, sales, work started, and orders for passenger cars.
Q: Why is this trend relevant for users or analysts?
A: The passenger car registrations data provides valuable insights into consumer demand and business conditions in this key sector of the Estonian economy, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the wholesale and retail motor vehicle trade, conducted by the Estonian statistical agency.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economic analysts and policymakers to gauge consumer confidence and business investment in the Estonian automotive market, which has important implications for the broader economy.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, as the information is collected through business surveys. Additionally, the trend may not fully capture all economic activity in the sector, as it is limited to the passenger car segment.
Related Trends
Consumer Price Index: Harmonized Prices: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Estonia
ESTCPHP0200GPM
Boone Indicator in Banking Market for Estonia
DDOI05EEA156NWDB
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Estonia
LRHU24MAEEM156S
Leading Indicators OECD: Component series: Share prices: Normalised for Estonia
ESTLOCOSPNOSTSAM
Nominal Gross Capital Formation for Estonia
NIXDCESA
Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Estonia
CPGRLE01EEQ657N
Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for Estonia (ESTSLRTCR03IXOBM), retrieved from FRED.