Sales: Retail Trade: Car Registration: Passenger Cars for Switzerland
SLRTCR03CHQ180S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,323.50
Year-over-Year Change
-14.04%
Date Range
1/1/1960 - 7/1/2018
Summary
The 'Sales: Retail Trade: Car Registration: Passenger Cars for Switzerland' trend measures the number of new passenger car registrations in Switzerland, a key indicator of 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 data series tracks the monthly volume of new passenger vehicle registrations in Switzerland, providing insights into consumer spending patterns and confidence levels. It is widely used by economists, policymakers, and industry analysts to assess the health of the Swiss auto market and broader economy.
Methodology
The data is collected by the Swiss Federal Statistical Office through its vehicle registration system.
Historical Context
Passenger car sales are an important real-time barometer of economic conditions and consumer sentiment.
Key Facts
- Switzerland recorded over 300,000 new passenger car registrations in 2021.
- Car sales in Switzerland declined by 7.5% in 2020 due to the COVID-19 pandemic.
- The Swiss automotive market is dominated by German and French brands.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new passenger car registrations in Switzerland, providing insights into consumer demand and spending in the automotive sector.
Q: Why is this trend relevant for users or analysts?
A: Passenger car sales are a leading indicator of economic activity and consumer confidence, making this trend highly relevant for economists, policymakers, and industry analysts assessing the health of the Swiss economy.
Q: How is this data collected or calculated?
A: The data is collected by the Swiss Federal Statistical Office through the country's vehicle registration system.
Q: How is this trend used in economic policy?
A: Passenger car sales data is used by policymakers and central banks to monitor consumer spending and the broader economy, informing policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a relatively short delay, making it a timely indicator of economic conditions.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Switzerland (SLRTCR03CHQ180S), retrieved from FRED.