Retail Trade Sales: Passenger Car Registrations for Austria
SLRTCR03ATA180S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
248,740.00
Year-over-Year Change
-15.31%
Date Range
1/1/1960 - 1/1/2020
Summary
The Retail Trade Sales: Passenger Car Registrations for Austria tracks monthly changes in the number of passenger car registrations, 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
This indicator monitors the sale and registration of passenger vehicles in Austria, a key component of retail trade and consumer spending. It is used by economists and policymakers to assess the health of the Austrian automotive and consumer sectors.
Methodology
The data is collected by the Austrian Federal Ministry of Transport, Innovation and Technology through vehicle registration records.
Historical Context
Passenger car sales are an important indicator of consumer confidence and discretionary spending in Austria.
Key Facts
- Austria is the 3rd largest automotive producer in the European Union.
- Passenger car registrations account for over 60% of total vehicle sales in Austria.
- The automotive industry employs over 80,000 people in Austria.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the monthly number of new passenger vehicle registrations in Austria, providing insight into consumer demand and economic activity.
Q: Why is this trend relevant for users or analysts?
A: Passenger car sales are an important barometer of consumer confidence and discretionary spending, making this trend useful for economists and policymakers assessing the health of the Austrian economy.
Q: How is this data collected or calculated?
A: The data is collected by the Austrian Federal Ministry of Transport, Innovation and Technology through vehicle registration records.
Q: How is this trend used in economic policy?
A: Passenger car sales data is used by economists and institutions to monitor consumer demand, inform policy decisions, and analyze broader economic conditions in Austria.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 4-6 week lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Retail Trade Sales: Passenger Car Registrations for Austria (SLRTCR03ATA180S), retrieved from FRED.