Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for OECD Europe
OECDESLRTCR03IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.53
Year-over-Year Change
-8.03%
Date Range
1/1/1973 - 12/1/2018
Summary
This economic indicator tracks passenger car registrations, which serve as a proxy for economic activity in the wholesale and retail trade and repair of motor vehicles and motorcycles sector across OECD European countries.
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 metric provides insights into consumer demand and business investment trends within the broader automotive industry. It is a valuable leading indicator used by economists and policymakers to assess the health and trajectory of the European retail and services economy.
Methodology
The data is collected and aggregated by the OECD from national statistical agencies.
Historical Context
This indicator offers timely signals about consumer confidence and business investment that can inform economic forecasting and policy decisions.
Key Facts
- Passenger car registrations serve as a leading indicator of economic activity.
- The automotive industry is a major component of the European retail and services sector.
- Consumer demand for new vehicles reflects broader trends in household spending.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new passenger car registrations across OECD countries in Europe, which serves as a proxy for economic activity in the wholesale and retail automotive trade and repair sectors.
Q: Why is this trend relevant for users or analysts?
A: Passenger car registrations provide timely insights into consumer demand and business investment patterns, making this a valuable leading indicator for assessing the health and trajectory of the European retail and services economy.
Q: How is this data collected or calculated?
A: The data is collected and aggregated by the OECD from national statistical agencies across member countries.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to inform macroeconomic forecasting and policy decisions, as it offers signals about consumer confidence and business investment within the broader European economy.
Q: Are there update delays or limitations?
A: The passenger car registrations data is published monthly with a relatively short lag, providing timely insights, though there may be some variability in reporting across different OECD member countries.
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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 OECD Europe (OECDESLRTCR03IXOBSAM), retrieved from FRED.