Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
LuxembourgLuxembourg New Car Registrations YoY fell to -3.4% in December 2022
FMPMonthlyReleased January 2023
Luxembourg New Car Registrations YoY fell to -3.4% in December 2022, released January 2023, down 11.5% from November's 8.1% reading. The reading matched the -3.4% consensus.
Latest Release
-3.4
Actual
-3.4
Consensus
8.1
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
New Car Registrations YoY (Luxembourg) was reported at -3.4% in January 2023. This matched the market consensus of -3.4% exactly. The reading fell from the previous value of 8.1%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update January 2023.
SHARE
New Car Registrations YoY - LU
Loading chart data...
About New Car Registrations YoY — Luxembourg
DEFINITION
New Car Registrations YoY (Year over Year) is a financial indicator that measures the change in the number of new cars registered in a given period compared to the same period in the previous year. This data is often used by economists and investors to assess the health of the automotive industry and consumer spending habits. A higher YoY percentage indicates an increase in new car sales, while a lower percentage suggests a decline. This indicator can provide valuable insights into the overall economic growth and consumer confidence in a particular country or region.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2022): actual -3.4 %, consensus -3.4 %.