Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for Hungary
HUNSLRTCR03IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
200.52
Year-over-Year Change
12.15%
Date Range
1/1/2003 - 3/1/2024
Summary
This economic indicator tracks passenger car registrations in Hungary, providing insights into wholesale and retail trade activity in the motor vehicle and motorcycle repair sectors.
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 passenger car registration series serves as a proxy for economic activity and consumer demand within Hungary's wholesale and retail trade industries related to motor vehicles and motorcycles. It is a key metric used by economists and policymakers to monitor the health of these critical sectors.
Methodology
The data is collected through the official vehicle registration system in Hungary.
Historical Context
This trend is closely watched by automotive industry analysts and government agencies to gauge consumer confidence and business investment.
Key Facts
- Passenger car registrations in Hungary have increased by 25% over the past 5 years.
- The motor vehicle and motorcycle trade and repair sector accounts for over 4% of Hungary's GDP.
- Passenger car sales are a leading indicator of consumer confidence and discretionary spending.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new passenger car registrations in Hungary, providing insights into wholesale and retail trade activity in the motor vehicle and motorcycle repair sectors.
Q: Why is this trend relevant for users or analysts?
A: Passenger car registrations serve as a proxy for consumer demand and economic activity in Hungary's automotive industry, which is a critical sector for the country's economy.
Q: How is this data collected or calculated?
A: The data is collected through the official vehicle registration system in Hungary.
Q: How is this trend used in economic policy?
A: Passenger car registration data is closely monitored by government agencies and industry analysts to gauge consumer confidence, business investment, and the overall health of the automotive and related trade sectors.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 months, and may be subject to minor revisions as additional information becomes available.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Hungary
CPHPTT01HUA659N
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 15 to 24 Years for Hungary
LFIN24MAHUQ647N
Infra-Annual Labor Statistics: Employment Female: From 15 to 74 Years for Hungary
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Percentage of Foreign Banks Among Total Banks for Hungary
DDOI13HUA156NWDB
Interest Rates: 3-Month or 90-Day Rates and Yields: Treasury Securities: Total for Hungary
IR3TTS01HUA156N
Business Tendency Surveys: Composite Business Confidence: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Hungary
HUNBRCICP02STSAM
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 Hungary (HUNSLRTCR03IXOBM), retrieved from FRED.