Sales: Retail Trade: Car Registration: Passenger Cars for Slovak Republic
SLRTCR03SKA180S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,155.48
Year-over-Year Change
64.98%
Date Range
1/1/2003 - 1/1/2018
Summary
The 'Sales: Retail Trade: Car Registration: Passenger Cars for Slovak Republic' series measures new passenger car registrations in Slovakia, a key indicator of 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 number of new passenger cars registered in Slovakia, providing insight into consumer confidence, vehicle sales, and broader economic trends. It is an important data point for economists, policymakers, and industry analysts monitoring the automotive sector and household spending.
Methodology
The data is collected by the Slovak Ministry of Transport and Construction through vehicle registration records.
Historical Context
This trend is used to assess the health of the Slovak automotive market and consumer spending patterns.
Key Facts
- Slovakia is a major automotive manufacturing hub in Europe.
- Passenger car sales account for over 50% of total retail trade in Slovakia.
- New car registrations are a leading indicator of economic growth in Slovakia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new passenger cars registered in Slovakia, providing insight into consumer demand and retail activity in the automotive sector.
Q: Why is this trend relevant for users or analysts?
A: New car registrations are an important indicator of consumer confidence, household spending, and broader economic conditions in Slovakia.
Q: How is this data collected or calculated?
A: The data is collected by the Slovak Ministry of Transport and Construction through vehicle registration records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of the Slovak automotive market and consumer spending patterns, which informs economic and industry-specific policies.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically within a few months of the reference period.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Slovak Republic (SLRTCR03SKA180S), retrieved from FRED.