Leading Indicators OECD: Component Series: Car Registration: Sales: Normalised for Spain
ESPLOCOVRNOSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.33
Year-over-Year Change
1.35%
Date Range
1/1/1960 - 12/1/2023
Summary
The Leading Indicators OECD: Component Series: Car Registration: Sales: Normalised for Spain tracks changes in new car registrations in Spain, providing insight into 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 trend measures the seasonally adjusted volume of new car registrations in Spain, a leading indicator of economic performance. It is a component of the OECD's Composite Leading Indicator for Spain and is used to assess current and future conditions in the Spanish automotive and consumer sectors.
Methodology
The data is collected through administrative sources by the OECD.
Historical Context
This indicator is monitored by policymakers, analysts, and businesses to gauge consumer sentiment and macroeconomic trends in Spain.
Key Facts
- New car registrations are a leading indicator of consumer demand.
- The Spanish automotive sector accounts for over 10% of the country's GDP.
- Car sales data provides an early signal of changes in consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the seasonally adjusted volume of new car registrations in Spain, which is a leading indicator of consumer demand and overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: The new car sales data provides an early signal of changes in consumer sentiment and macroeconomic conditions in Spain, which is valuable for policymakers, investors, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through administrative sources by the OECD.
Q: How is this trend used in economic policy?
A: This indicator is monitored by policymakers, analysts, and businesses to gauge consumer spending and broader economic trends in Spain.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological practices of the OECD.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Component Series: Car Registration: Sales: Normalised for Spain (ESPLOCOVRNOSTSAM), retrieved from FRED.