Sales: Retail Trade: Car Registration: Passenger Cars for Sweden
SLRTCR03SEA180N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,842.25
Year-over-Year Change
-8.74%
Date Range
1/1/1973 - 1/1/2023
Summary
The 'Sales: Retail Trade: Car Registration: Passenger Cars for Sweden' metric tracks monthly registration of new passenger vehicles in Sweden, providing insight 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 economic indicator monitors the number of new passenger car registrations in Sweden, a key measure of consumer spending and confidence. It is widely used by economists, policymakers, and analysts to assess the health of the Swedish automotive industry and broader retail sector.
Methodology
The data is collected by the Swedish Transport Agency through mandatory vehicle registration records.
Historical Context
New car sales are an important barometer of consumer spending and economic conditions in Sweden.
Key Facts
- Sweden is one of the world's largest passenger vehicle markets.
- New car sales account for a significant portion of Swedish retail trade.
- Passenger car registrations are a leading indicator of consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the monthly number of new passenger vehicle registrations in Sweden, providing insight into consumer demand and retail activity.
Q: Why is this trend relevant for users or analysts?
A: New car sales are a key indicator of consumer spending and economic conditions in Sweden, making this data relevant for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected by the Swedish Transport Agency through mandatory vehicle registration records.
Q: How is this trend used in economic policy?
A: Passenger car registrations are used by policymakers and economists to assess the health of the Swedish automotive industry and broader retail sector, informing economic policies and forecasts.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into economic trends.
Related Trends
Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 24 Years for Sweden
LRAC24MASEQ156S
Production: Construction: Total for Sweden
SWEPRCNTO01GYSAM
Provisions to Non-Performing Loans for Sweden
DDSI07SEA156NWDB
Leading Indicators OECD: Component series: BTS - Finished goods stocks: Normalised for Sweden
SWELOCOBFNOSTSAM
Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Sweden
LFAC74TTSEQ647N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Sweden
SWECPHPEN01GYM
Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Sweden (SLRTCR03SEA180N), retrieved from FRED.