Sales: Retail Trade: Car Registration: Passenger Cars for Estonia
SLRTCR03EEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-29.48
Year-over-Year Change
43.91%
Date Range
1/1/2004 - 1/1/2020
Summary
The 'Sales: Retail Trade: Car Registration: Passenger Cars for Estonia' trend measures the number of new passenger car registrations in Estonia, 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 series tracks the monthly number of new passenger car registrations in Estonia, a key indicator of consumer purchasing power and confidence. It is used by economists and policymakers to assess the state of the Estonian retail trade and broader economic conditions.
Methodology
The data is collected directly from Estonia's vehicle registration authorities.
Historical Context
Trends in passenger car registrations can inform policy decisions and help businesses anticipate consumer demand.
Key Facts
- Estonia had over 630,000 registered passenger cars in 2021.
- Car registrations in Estonia peaked at 5,700 units in August 2021.
- The average age of passenger cars in Estonia is around 13 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly number of new passenger car registrations in Estonia, providing insights into consumer demand and economic activity.
Q: Why is this trend relevant for users or analysts?
A: Trends in passenger car registrations are a key indicator of consumer purchasing power and confidence, and can inform policy decisions and help businesses anticipate demand.
Q: How is this data collected or calculated?
A: The data is collected directly from Estonia's vehicle registration authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the state of the Estonian retail trade and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is reported monthly, with potential delays of a few weeks or months in some cases.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Estonia (SLRTCR03EEA657S), retrieved from FRED.