Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for Portugal
PRTSLRTCR03IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.25
Year-over-Year Change
6.17%
Date Range
1/1/1990 - 3/1/2024
Summary
This economic trend measures passenger car registrations in Portugal, which serves as an indicator of activity in the wholesale and retail trade and repair of motor vehicles and motorcycles sector.
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 data provides insights into consumer demand and economic conditions in the automotive industry. This metric is used by economists and policymakers to analyze trends in the Portuguese wholesale and retail trade and motor vehicle repair markets.
Methodology
The data is collected through administrative records of new vehicle registrations.
Historical Context
This indicator helps inform policy decisions and market forecasts related to the automotive industry and broader economic conditions.
Key Facts
- Portugal's passenger car registrations are an important economic indicator.
- This metric tracks consumer demand in the automotive industry.
- The data is collected through administrative vehicle registration records.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new passenger car registrations in Portugal, which serves as an indicator of activity in the wholesale and retail trade and repair of motor vehicles and motorcycles sector.
Q: Why is this trend relevant for users or analysts?
A: Passenger car registrations provide insights into consumer demand and economic conditions in the automotive industry, making this metric relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through administrative records of new vehicle registrations.
Q: How is this trend used in economic policy?
A: This indicator helps inform policy decisions and market forecasts related to the automotive industry and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is subject to the timely reporting of new vehicle registrations, which may result in some update 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 Portugal (PRTSLRTCR03IXOBM), retrieved from FRED.