Producer Prices Index: Investments Goods: Total for the European Union
Monthly
PITGVG01EUM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.60
Year-over-Year Change
0.58%
Date Range
1/1/2000 - 6/1/2020
Summary
The Monthly Indicator of Global Vehicle Sales tracks the monthly volume of new vehicle sales in Europe. It is a key economic indicator for monitoring consumer demand and industry performance.
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 indicator provides a timely, monthly snapshot of the global automotive market, specifically focusing on vehicle sales in the European Union. It is a valuable data point for economists, industry analysts, and policymakers to assess economic conditions and consumer spending patterns.
Methodology
The data is collected through surveys of automotive manufacturers and dealers across the EU.
Historical Context
This trend is widely used to gauge consumer confidence and can inform policy decisions related to the automotive industry and broader economic management.
Key Facts
- The EU accounts for approximately 20% of global vehicle sales.
- Vehicle sales typically peak in the fourth quarter of each year.
- Diesel-powered vehicles represent about half of new car registrations in the EU.
FAQs
Q: What does this economic trend measure?
A: The Monthly Indicator of Global Vehicle Sales tracks the monthly volume of new vehicle registrations and sales in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a timely and important signal of consumer demand and economic activity in the European automotive market, which is a key sector for the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of automotive manufacturers and dealers across the European Union.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and industry analysts to gauge consumer confidence and inform decisions related to the automotive industry and broader economic management.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a lag of approximately 2-3 months, so it provides a timely but not real-time snapshot of the market.
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Citation
U.S. Federal Reserve, Monthly Indicator of Global Vehicle Sales (PITGVG01EUM661N), retrieved from FRED.