Sales: Retail Trade: Car Registration: Passenger Cars for Sweden
SWESLRTCR03MLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,694.00
Year-over-Year Change
-17.24%
Date Range
1/1/1973 - 12/1/2023
Summary
The 'Sales: Retail Trade: Car Registration: Passenger Cars for Sweden' metric tracks the number of new passenger car registrations in Sweden, providing insights into consumer demand and the health of the automotive industry.
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 metric captures the volume of new passenger car registrations in Sweden, a key indicator of consumer spending and confidence. It is used by economists and policymakers to assess the state of the Swedish retail and automotive sectors.
Methodology
The data is collected by Sweden's traffic authority and published monthly.
Historical Context
Trends in new car registrations are closely watched as a bellwether for overall consumer spending and economic conditions.
Key Facts
- Sweden is the largest automotive market in Scandinavia.
- New passenger car registrations declined during the COVID-19 pandemic.
- Electric vehicle sales have been rising rapidly in Sweden in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of new passenger car registrations in Sweden, providing insights into consumer demand and the health of the automotive industry.
Q: Why is this trend relevant for users or analysts?
A: Trends in new car registrations are closely watched as a bellwether for overall consumer spending and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by Sweden's traffic authority and published monthly.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the state of the Swedish retail and automotive sectors.
Q: Are there update delays or limitations?
A: The data is published monthly, with some potential delays in the reporting of the latest figures.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Sweden (SWESLRTCR03MLM), retrieved from FRED.