Sales: Retail Trade: Car Registration: Passenger Cars for Spain
SLRTCR03ESA180S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79,737.39
Year-over-Year Change
17.82%
Date Range
1/1/1960 - 1/1/2023
Summary
The 'Sales: Retail Trade: Car Registration: Passenger Cars for Spain' economic trend measures the number of new passenger car registrations in Spain, providing insight into consumer demand and the health of the automotive industry.
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 registration of new passenger vehicles in Spain, a key indicator of consumer spending patterns and the overall state of the Spanish economy. It is used by economists, policymakers, and industry analysts to monitor trends in consumer behavior and automotive sector performance.
Methodology
The data is collected directly from vehicle registration authorities in Spain.
Historical Context
This trend is closely watched for its implications on consumer confidence, retail sales, and macroeconomic conditions.
Key Facts
- Spain is the second-largest automotive producer in the European Union.
- New passenger car registrations reached a record high of 1.32 million units in 2019.
- The COVID-19 pandemic caused a 32% decline in new car registrations in Spain in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly number of new passenger car registrations in Spain, providing insight into consumer demand and spending in the automotive sector.
Q: Why is this trend relevant for users or analysts?
A: New car registrations are a leading indicator of consumer confidence and spending, making this trend relevant for economists, policymakers, and industry analysts monitoring the health of the Spanish economy.
Q: How is this data collected or calculated?
A: The data is collected directly from vehicle registration authorities in Spain.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this trend for its implications on consumer spending, retail sales, and broader macroeconomic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into the automotive sector and consumer demand in Spain.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Spain (SLRTCR03ESA180S), retrieved from FRED.