Sales: Retail Trade: Car Registration: Passenger Cars for Finland
FINSLRTCR03GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-23.39
Year-over-Year Change
-1664.99%
Date Range
1/1/1956 - 12/1/2018
Summary
The 'Sales: Retail Trade: Car Registration: Passenger Cars for Finland' trend measures the total number of new passenger car registrations in Finland, providing insights 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
This economic indicator tracks the monthly volume of new passenger car registrations in Finland, a key component of the country's retail trade and automotive sectors. It offers valuable data on consumer spending patterns and confidence.
Methodology
The data is collected directly from Finland's national vehicle registration authority.
Historical Context
Policymakers and analysts use this trend to assess the health of Finland's consumer market and broader economic conditions.
Key Facts
- Finland is one of the largest automotive markets in the Nordic region.
- New passenger car registrations in Finland peaked in 2019 at over 120,000 units.
- The automotive industry accounts for around 10% of Finland's total GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly volume of new passenger car registrations in Finland, providing insights into consumer demand and retail trade activity.
Q: Why is this trend relevant for users or analysts?
A: This indicator offers valuable data on consumer spending patterns and confidence, which are crucial for assessing the health of Finland's automotive and broader economic sectors.
Q: How is this data collected or calculated?
A: The data is collected directly from Finland's national vehicle registration authority.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the Finnish consumer market and broader economic conditions, which can inform policy decisions and market forecasts.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 2-3 weeks, providing timely insights into the latest developments in Finland's passenger car market.
Related Trends
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Finland
FINPROMANMISMEI
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 25 Years or over for Finland
LRHUADFEFIQ156S
Provisions to Non-Performing Loans for Finland
DDSI07FIA156NWDB
Real Broad Effective Exchange Rate for Finland
RBFIBIS
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Finland
CPHPTT01FIM659N
Consumer Price Index: Housing for Finland
FINCPIHOUMINMEI
Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Finland (FINSLRTCR03GYSAM), retrieved from FRED.