Sales: Retail Trade: Car Registration: Passenger Cars for Portugal
PRTSACRAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.46
Year-over-Year Change
-31.85%
Date Range
1/1/1990 - 1/1/2020
Summary
This economic trend measures retail sales of passenger cars in Portugal, providing insight into consumer demand and the health of the automotive industry.
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 Portugal series tracks the monthly volume of new passenger car registrations, which is a key indicator of consumer spending and economic activity in the Portuguese automobile market.
Methodology
The data is collected by the National Statistical Institute of Portugal through vehicle registration records.
Historical Context
This trend is closely monitored by policymakers, market analysts, and automakers to gauge consumer confidence and guide economic and industry decision-making.
Key Facts
- Portugal is the 7th largest automotive producer in the European Union.
- New passenger car sales account for over 60% of total vehicle sales in Portugal.
- The automotive industry employs over 40,000 people in Portugal.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly volume of new passenger car registrations in Portugal, providing insight into consumer demand and retail sales in the automotive industry.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of consumer spending and economic activity in Portugal, and is closely monitored by policymakers, market analysts, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected by the National Statistical Institute of Portugal through vehicle registration records.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to assess consumer confidence, guide economic decision-making, and inform policies affecting the automotive and retail sectors.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical lag of 2-3 months between the reporting period and data release.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Portugal (PRTSACRAISMEI), retrieved from FRED.