Sales: Retail Trade: Car Registration: Passenger Cars for Portugal
PRTSACRQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.48
Year-over-Year Change
11.60%
Date Range
1/1/1990 - 10/1/2018
Summary
The 'Sales: Retail Trade: Car Registration: Passenger Cars for Portugal' metric tracks the number of new passenger car registrations in Portugal, providing insights 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 data series represents the number of newly registered passenger cars in Portugal, a key indicator of consumer purchasing power, business investment, and overall economic performance.
Methodology
The data is collected by Portugal's national statistics agency through vehicle registration records.
Historical Context
Policymakers and market analysts use this metric to gauge consumer sentiment and plan strategies related to the automotive industry and broader economic conditions.
Key Facts
- Portugal saw a record high of over 280,000 new passenger car registrations in 2017.
- The COVID-19 pandemic led to a 35% drop in Portuguese car sales in 2020.
- Electric vehicle sales have been steadily increasing in Portugal in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of newly registered passenger cars in Portugal, which is a key indicator of consumer demand and broader economic activity.
Q: Why is this trend relevant for users or analysts?
A: The passenger car registration data provides valuable insights into consumer spending patterns, business investment, and the overall health of the Portuguese economy.
Q: How is this data collected or calculated?
A: The data is collected by Portugal's national statistics agency through vehicle registration records.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to gauge consumer sentiment and plan strategies related to the automotive industry and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is typically published with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Portugal (PRTSACRQISMEI), retrieved from FRED.