Sales: Retail Trade: Car Registration: Passenger Cars for Finland
FINSACRQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.90
Year-over-Year Change
9.24%
Date Range
1/1/1960 - 7/1/2018
Summary
This economic trend measures retail sales of passenger cars in Finland, providing insight into consumer demand and economic activity.
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 Retail Trade: Car Registration: Passenger Cars for Finland series tracks the volume of new passenger car registrations, a key indicator of consumer spending and overall economic conditions in the country.
Methodology
The data is collected by the Finnish Transport and Communications Agency (Traficom) based on new vehicle registrations.
Historical Context
This trend is closely monitored by policymakers and economists to assess the health of the Finnish automotive market and consumer confidence.
Key Facts
- Finland is a major producer of passenger cars.
- New car sales are a leading indicator of consumer demand.
- Passenger car registrations account for over 50% of total vehicle sales in Finland.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of new passenger car registrations in Finland, providing insight into consumer spending and economic activity.
Q: Why is this trend relevant for users or analysts?
A: New car sales are a leading indicator of consumer confidence and overall economic conditions, making this trend important for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the Finnish Transport and Communications Agency (Traficom) based on new vehicle registrations.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the health of the Finnish automotive market and overall consumer demand.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a short delay, providing timely information on the state of the Finnish passenger car market.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Finland (FINSACRQISMEI), retrieved from FRED.