Sales: Retail Trade: Car Registration: Passenger Cars for Spain
ESPSLRTCR03MLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83,335.22
Year-over-Year Change
14.73%
Date Range
1/1/1960 - 12/1/2023
Summary
This economic trend measures monthly retail sales of passenger cars in Spain. It provides insight into consumer demand and spending in the automobile market.
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 Spain series tracks the number of new passenger car registrations, which is a key indicator of consumer purchasing power and economic activity in the Spanish automotive industry.
Methodology
The data is collected through official vehicle registration records.
Historical Context
This trend is closely monitored by policymakers and market analysts to assess the health of the Spanish economy.
Key Facts
- Spain is the second-largest automobile market in Europe.
- New passenger car registrations declined sharply during the COVID-19 pandemic.
- The automotive industry accounts for over 10% of Spain's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly number of new passenger car registrations in Spain, which is a key indicator of consumer demand and spending in the automotive market.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health of the Spanish economy, as the automotive industry is a significant driver of economic activity and employment.
Q: How is this data collected or calculated?
A: The data is collected through official vehicle registration records in Spain.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to assess consumer confidence, spending patterns, and the overall state of the Spanish economy.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical delay of 2-3 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Spain (ESPSLRTCR03MLSAM), retrieved from FRED.