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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
LuxembourgLuxembourg New Passenger Car Registrations YoY fell to 8.1% in November 2022
FMPMonthlyReleased December 2022
Luxembourg New Passenger Car Registrations YoY fell to 8.1% in November 2022, released December 2022, down 9.3% from October's 17.4% reading. The reading matched the 8.1% consensus.
Latest Release
8.1
Actual
8.1
Consensus
17.4
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 Passenger Car Registrations YoY (Luxembourg) was reported at 8.1% in December 2022. This matched the market consensus of 8.1% exactly. The reading fell from the previous value of 17.4%.
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 December 2022.
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New Passenger Car Registrations YoY - LU
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About New Passenger Car Registrations YoY — Luxembourg
DEFINITION
New Passenger Car Registrations YoY is a financial indicator that measures the year-over-year change in the number of new passenger cars registered in a specific market or region. It is used to track the growth or decline in the demand for new cars and can provide insights into the overall health of the automotive industry. This indicator is often used by investors, analysts, and policymakers to make informed decisions about the economy and the automotive sector.
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 (Nov 2022): actual 8.1 %, consensus 8.1 %.