Sales: Retail Trade: Car Registration: Passenger Cars for Denmark
SLRTCR03DKA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-11.81
Year-over-Year Change
62.32%
Date Range
1/1/1960 - 1/1/2020
Summary
The 'Sales: Retail Trade: Car Registration: Passenger Cars for Denmark' trend measures the total number of new passenger car registrations in Denmark, 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 series tracks the monthly volume of new passenger car registrations in Denmark, providing insight into consumer purchasing behavior and the health of the Danish retail automotive sector. It is a widely monitored metric for economists and policymakers assessing the broader economic climate.
Methodology
The data is collected through mandatory vehicle registration reporting.
Historical Context
Passenger car sales are closely watched as a barometer of consumer confidence and spending patterns.
Key Facts
- Denmark is the largest passenger car market in Scandinavia.
- New car registrations account for over 70% of total retail automotive sales in Denmark.
- Passenger car sales are a leading indicator of overall consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new passenger car registrations in Denmark, providing insight into consumer demand and spending in the retail automotive sector.
Q: Why is this trend relevant for users or analysts?
A: Passenger car sales are a key indicator of consumer confidence and spending patterns, making this trend highly relevant for economists, policymakers, and market analysts assessing the health of the Danish economy.
Q: How is this data collected or calculated?
A: The data is collected through mandatory vehicle registration reporting.
Q: How is this trend used in economic policy?
A: Passenger car sales are closely monitored as a leading indicator of consumer demand and overall economic activity, informing policymakers and central banks in their decision-making.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with minimal delays, providing timely insights into the Danish passenger car market.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Denmark (SLRTCR03DKA657S), retrieved from FRED.