Sales: Retail Trade: Car Registration: Passenger Cars for Denmark
SLRTCR03DKA180N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,449.83
Year-over-Year Change
2.12%
Date Range
1/1/1960 - 1/1/2023
Summary
This economic trend measures retail sales of passenger cars in Denmark. It is an important indicator of consumer demand and confidence in the Danish economy.
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 Denmark series tracks the monthly value of retail sales for new passenger vehicles registered in Denmark. This metric provides insights into consumer spending patterns and vehicle purchasing behavior, which are closely linked to broader economic conditions.
Methodology
The data is collected by the Danish Motor Vehicle Inspection Service and published by the OECD.
Historical Context
Policymakers and analysts use this trend to assess the health of the Danish consumer sector and make informed decisions.
Key Facts
- Denmark is one of the world's largest per capita car markets.
- Passenger car sales account for over 50% of total retail trade in Denmark.
- The trend has shown steady growth since the 2008 financial crisis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly retail sales of new passenger vehicles registered in Denmark. It provides insights into consumer demand and purchasing behavior.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of consumer confidence and spending in the Danish economy, which is crucial for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the Danish Motor Vehicle Inspection Service and published by the OECD.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of the Danish consumer sector and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Denmark (SLRTCR03DKA180N), retrieved from FRED.