Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for Sweden
SWESACRMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.87
Year-over-Year Change
-33.77%
Date Range
1/1/1973 - 12/1/2018
Summary
This economic indicator tracks passenger car registrations in Sweden, providing insights into wholesale and retail trade, as well as the 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 'Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for Sweden' data series measures the volume of passenger car registrations in Sweden, which is a key indicator of economic activity in the automotive and related industries.
Methodology
The data is collected by the Swedish Transport Agency and reported through official government channels.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the health of the Swedish economy and consumer demand.
Key Facts
- Passenger car registrations in Sweden reached a record high in 2019.
- The automotive industry accounts for over 10% of Sweden's GDP.
- Sweden has one of the highest rates of electric vehicle adoption in Europe.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the volume of passenger car registrations in Sweden, which is a key metric for assessing economic activity in the automotive, wholesale, and retail trade sectors.
Q: Why is this trend relevant for users or analysts?
A: Passenger car registrations are an important leading indicator of consumer demand and economic health, making this trend highly relevant for policymakers, industry analysts, and economists.
Q: How is this data collected or calculated?
A: The data is collected by the Swedish Transport Agency and reported through official government channels.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the overall state of the Swedish economy and consumer demand, which informs decision-making and policy interventions.
Q: Are there update delays or limitations?
A: The data is typically reported on a monthly basis, with some potential for minor delays in the release of the latest figures.
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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 Sweden (SWESACRMISMEI), retrieved from FRED.