Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for Australia
AUSSACRMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84.68
Year-over-Year Change
-10.99%
Date Range
1/1/1994 - 12/1/2017
Summary
This economic trend measures passenger car registrations in Australia, which serves as an indicator of economic activity in the wholesale and retail trade of motor vehicles and motorcycles.
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
Passenger car registrations provide insights into consumer demand and business investment in the automotive industry, a key sector of the Australian economy. This data is used by economists and policymakers to assess broader economic conditions and consumer confidence.
Methodology
The data is collected through administrative records of new passenger vehicle registrations.
Historical Context
This trend is relevant for analyzing consumer spending patterns and business investment decisions.
Key Facts
- Australia is a major auto market in the Asia-Pacific region.
- Passenger car sales account for over 70% of total vehicle sales in Australia.
- Fluctuations in car registrations can signal changes in consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new passenger car registrations in Australia, which is an indicator of economic activity in the wholesale and retail trade of motor vehicles and motorcycles.
Q: Why is this trend relevant for users or analysts?
A: Passenger car registrations provide insights into consumer demand and business investment, making this data relevant for analyzing broader economic conditions and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected through administrative records of new passenger vehicle registrations.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess consumer spending patterns and business investment decisions, which informs their analysis of economic conditions and policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness of vehicle registration records, which may result in minor delays in reporting.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for Australia (AUSSACRMISMEI), retrieved from FRED.