Sales: Retail Trade: Car Registration: Passenger Cars for Ireland
SLRTCR03IEA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.61
Year-over-Year Change
-42.44%
Date Range
1/1/1960 - 1/1/2020
Summary
This economic trend tracks passenger car registrations in Ireland, a key indicator of consumer demand and economic activity in the retail trade sector.
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 Ireland series measures the total number of new passenger vehicle registrations in Ireland. This metric provides insight into consumer spending patterns and sentiment within the Irish economy.
Methodology
The data is collected directly from the Irish vehicle registration system.
Historical Context
Retail car sales are an important barometer for policymakers and analysts monitoring the health of the Irish economy.
Key Facts
- Ireland had over 2.5 million passenger cars registered in 2021.
- New car registrations in Ireland increased by 20% in 2022 compared to 2021.
- The automotive sector accounts for over 10% of Ireland's total retail trade.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of new passenger vehicle registrations in Ireland, providing insight into consumer demand and activity in the retail trade sector.
Q: Why is this trend relevant for users or analysts?
A: Retail car sales are an important indicator of consumer spending and economic health, making this trend valuable for policymakers, economists, and market analysts monitoring the Irish economy.
Q: How is this data collected or calculated?
A: The data is collected directly from the Irish vehicle registration system.
Q: How is this trend used in economic policy?
A: Passenger car registrations are closely watched by policymakers and analysts as a barometer for consumer sentiment and spending within the Irish economy.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insights into the Irish retail trade sector.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Ireland (SLRTCR03IEA661S), retrieved from FRED.