Sales: Retail Trade: Car Registration: Passenger Cars for Luxembourg
LUXSACRQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.85
Year-over-Year Change
14.29%
Date Range
1/1/1962 - 7/1/2018
Summary
This trend measures retail sales of passenger cars in Luxembourg. It serves as an important economic indicator for consumer demand and vehicle market trends.
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 Luxembourg metric tracks the number of new passenger vehicle registrations in the country. It provides insight into consumer spending and confidence within the automobile industry.
Methodology
The data is collected through mandatory vehicle registration records maintained by Luxembourg's government.
Historical Context
This indicator is closely monitored by economists, policymakers, and industry analysts to assess the health of Luxembourg's consumer economy.
Key Facts
- Luxembourg has one of the highest vehicle ownership rates in Europe.
- Passenger car sales account for over 50% of total retail trade in Luxembourg.
- New vehicle registrations are a leading indicator of consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of new passenger vehicle registrations in Luxembourg, providing insight into consumer spending and demand within the country's automobile industry.
Q: Why is this trend relevant for users or analysts?
A: Passenger car sales are a key indicator of consumer confidence and economic activity, making this metric closely monitored by economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through mandatory vehicle registration records maintained by Luxembourg's government.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and economists to assess the health of Luxembourg's consumer economy and inform decisions around fiscal, monetary, and industry policies.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insights into Luxembourg's passenger car market.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Luxembourg (LUXSACRQISMEI), retrieved from FRED.