[Skip to Content]

Register to receive the OMFIF Daily Update and trial the OMFIF membership dashboard for a month.

* Required Fields

Member Area Login

Forgotten Password?

Forgotten password

Analysis

Euro area car sales moving sideways

by

Mon 23 Sep 2013

Euro area car sales moving sideways Enlarge Chart loading Image

What the chart shows: The chart shows the registrations of new cars in the euro area and its largest members, expressed as the three-month moving average of an index, with the 2008 average set as 100.

Why the chart is important: The US economy is recovering, even if not as strongly as desired. For the world economy right now, the biggest question is whether the euro area is also on the road to recovery.

One of the key indicators of household demand is the registration of new cars. Holiday season means that no data is published in August, but in September we get two months’ worth of data (July and August).

The latest numbers are not encouraging – German and French car sales are moving sideways, and Italian and Spanish sales are weak. The best that can be said about car registrations is that they confirm that the economic bottom has been reached – but also that there is still a long, hard slog ahead.

Chart and comments provided by Stein Brothers (UK) www.steinbrothers.co.uk