Sales: Retail Trade: Car Registration: Passenger Cars for Slovak Republic
SLRTCR03SKA180N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,588.25
Year-over-Year Change
23.47%
Date Range
1/1/2003 - 1/1/2022
Summary
This economic trend measures retail car registrations for passenger vehicles in Slovakia. It provides insight into consumer demand and economic activity in the Slovak automotive market.
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 Slovak Republic data series tracks the number of new passenger car registrations in Slovakia, an important indicator of consumer purchasing power and confidence in the Slovak economy.
Methodology
The data is collected by the Slovak Statistical Office through vehicle registration records.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the health of Slovakia's consumer economy.
Key Facts
- Slovakia is one of the largest car producers per capita in the world.
- New passenger car registrations in Slovakia peaked at over 180,000 units in 2018.
- The car registration data is an important leading indicator of economic growth in Slovakia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new passenger car registrations in Slovakia, providing insight into consumer demand and economic activity in the Slovak automotive market.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely monitored by policymakers, economists, and market analysts as an important indicator of consumer purchasing power and confidence in the Slovak economy.
Q: How is this data collected or calculated?
A: The data is collected by the Slovak Statistical Office through vehicle registration records.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this trend to assess the health of Slovakia's consumer economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the Slovak Statistical Office, but may be subject to minor reporting delays.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Slovak Republic (SLRTCR03SKA180N), retrieved from FRED.