Sales: Retail Trade: Car Registration: Passenger Cars for Slovak Republic
SVKSLRTCR03MLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,064.00
Year-over-Year Change
1.26%
Date Range
1/1/2003 - 11/1/2023
Summary
This economic trend measures retail sales of passenger cars in Slovakia, providing insight into consumer demand and automotive industry 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
The Retail Trade: Car Registration: Passenger Cars for Slovak Republic series tracks the monthly volume of new passenger car registrations, a key indicator of consumer spending and confidence in the Slovakian automotive market.
Methodology
The data is collected by the Slovak Statistical Office based on vehicle registration records.
Historical Context
This trend is closely monitored by policymakers and industry analysts to assess the health of the Slovakian economy.
Key Facts
- Slovakia is a major automotive manufacturing hub in Europe.
- New car sales account for a significant portion of retail trade in the country.
- Passenger car registrations are a leading indicator of consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly volume of new passenger car registrations in Slovakia, providing insight into consumer demand and activity in the automotive retail sector.
Q: Why is this trend relevant for users or analysts?
A: New car sales are a key indicator of consumer spending and confidence, making this trend important for policymakers, industry analysts, and economists monitoring the health of the Slovakian economy.
Q: How is this data collected or calculated?
A: The data is collected by the Slovak Statistical Office based on vehicle registration records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess consumer demand, industry performance, and broader economic conditions in Slovakia.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical lag of 2-3 months between the reference period and the release date.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Slovak Republic (SVKSLRTCR03MLM), retrieved from FRED.