Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for Slovak Republic
SVKSACRMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.51
Year-over-Year Change
-24.47%
Date Range
1/1/2003 - 12/1/2018
Summary
This economic trend measures passenger car registrations in Slovakia, providing insights into the wholesale and retail trade and repair of motor vehicles and motorcycles.
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 passenger car registrations data represents economic activity in the motor vehicle and motorcycle wholesale, retail, and repair sectors in Slovakia. It is a key indicator for monitoring the health and trends of these industries.
Methodology
The data is collected through administrative records of new vehicle registrations.
Historical Context
This trend is used by economists and policymakers to assess the state of the Slovak automotive market and broader economic conditions.
Key Facts
- Slovakia is a major automotive manufacturing hub in Europe.
- Passenger car registrations are a leading indicator of consumer demand.
- The motor vehicle sector accounts for a significant portion of Slovakia's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new passenger car registrations in Slovakia, providing insights into economic activity in the wholesale, retail, and repair of motor vehicles and motorcycles.
Q: Why is this trend relevant for users or analysts?
A: Passenger car registrations are a key indicator of consumer demand and economic conditions in the automotive industry, which is a significant sector of the Slovak economy.
Q: How is this data collected or calculated?
A: The data is collected through administrative records of new vehicle registrations.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the health of the Slovak automotive market and broader economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness of administrative vehicle registration reporting, but generally provides a reliable and up-to-date indicator of economic activity in this sector.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for Slovak Republic (SVKSACRMISMEI), retrieved from FRED.