Sales: Retail Trade: Car Registration: Passenger Cars for Czech Republic
CZESLRTCR03MLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,410.00
Year-over-Year Change
11.50%
Date Range
1/1/2003 - 11/1/2023
Summary
This trend tracks passenger car registrations in the retail trade sector of the Czech Republic, providing insight into consumer demand and confidence.
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 Czech Republic data series measures the number of new passenger vehicle registrations through retail trade channels. This metric serves as an important leading indicator of household consumption and economic activity.
Methodology
The data is collected through administrative records of new vehicle registrations.
Historical Context
Economists and policymakers monitor this trend to assess Czech consumer behavior and the overall health of the domestic automotive market.
Key Facts
- Passenger car registrations in the Czech Republic grew 8.2% year-over-year in Q4 2022.
- The automotive sector accounts for over 20% of Czech Republic's industrial output.
- New car sales are a leading indicator of consumer confidence and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of new passenger vehicle registrations through retail trade channels in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: Passenger car registrations serve as an important leading indicator of household consumption and broader economic activity in the Czech Republic.
Q: How is this data collected or calculated?
A: The data is collected through administrative records of new vehicle registrations.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess Czech consumer behavior and the overall health of the domestic automotive market.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Czech Republic (CZESLRTCR03MLM), retrieved from FRED.