Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for Estonia
ESTSLRTCR03IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.88
Year-over-Year Change
-16.55%
Date Range
1/1/2003 - 12/1/2023
Summary
This economic trend measures passenger car registrations in Estonia, which are an indicator of activity in the wholesale and retail trade and repair of motor vehicles and motorcycles sectors.
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
Passenger car registrations provide insight into consumer demand and economic conditions within the automotive industry. This data series is used by economists and policymakers to analyze trends in transportation, consumer spending, and business investment.
Methodology
The data is collected through administrative records on new vehicle registrations.
Historical Context
Passenger car registration data informs analyses of retail sales, consumer confidence, and broader economic performance.
Key Facts
- Estonia's passenger car registrations peaked in 2019.
- The data is reported on a monthly basis.
- The automotive sector accounts for around 5% of Estonia's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new passenger car registrations in Estonia, which indicates activity in the wholesale and retail trade and repair of motor vehicles and motorcycles sectors.
Q: Why is this trend relevant for users or analysts?
A: Passenger car registrations provide insight into consumer demand, business investment, and broader economic conditions within the automotive industry and related sectors.
Q: How is this data collected or calculated?
A: The data is collected through administrative records on new vehicle registrations.
Q: How is this trend used in economic policy?
A: Passenger car registration data is used by economists and policymakers to analyze trends in transportation, consumer spending, and business investment.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with minimal delays.
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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 (ESTSLRTCR03IXOBSAM), retrieved from FRED.