Tracks the number of cars registered for the first time in the Euro Zone. Consumption of expensive items such as automobiles is a large part of EU GDP, thus sales of new motor vehicles and other "big-ticket" items reflect consumers’ optimism and propensity to spend. In addition to clues on consumer sentiment, the Euro-zone economy directly benefits from large outlays. Manufacturing, finance and retail all directly gain from higher auto sales.
The headlines are the monthly and annual percentage change in the new car registration index.
Relevance: Rarely affects markets
Release Schedule : 6:00 (GMT); monthly, usually 15 days after the reporting period
Source of Report : Eurostat
Web Address : http://ec.europa.eu/eurostat
Address of Release : http://ec.europa.eu/comm/eurostat
Refer Euro-Indicators – Industry, Commerce and Services > Retail Trade > New car registrations
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