Sales: Retail Trade: Car Registration: Passenger Cars for Hungary
SLRTCR03HUQ180S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,097.64
Year-over-Year Change
90.09%
Date Range
1/1/2003 - 7/1/2018
Summary
This economic trend measures the number of new passenger car registrations in Hungary, providing insight into consumer demand and broader 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
The Retail Trade: Car Registration: Passenger Cars for Hungary metric tracks the monthly volume of new passenger vehicle registrations, which is a key indicator of consumer confidence and spending in the automotive sector.
Methodology
The data is collected and reported by the Hungarian Central Statistical Office.
Historical Context
This trend is closely monitored by policymakers, automakers, and economists to assess the health of the Hungarian consumer market.
Key Facts
- Hungary had 2.1 million registered passenger vehicles in 2021.
- New car registrations in Hungary peaked at 195,000 units in 2018.
- The automotive industry accounts for over 25% of Hungary's total manufacturing output.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the monthly number of new passenger car registrations in Hungary, 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 key indicator of consumer confidence and economic activity, making this trend important for policymakers, automakers, and economists monitoring the Hungarian market.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to assess the health of the Hungarian consumer market and make informed decisions about economic policies and interventions.
Q: Are there update delays or limitations?
A: The data is reported 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 Hungary (SLRTCR03HUQ180S), retrieved from FRED.