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Economy in Brief

EU Registrations Up in August but Still with Challenged Trend
by By Robert Brusca November 2, 2007

Car registrations rose in the EU by 1.9% in August, their second monthly gain in a row. Still, sales trends are uncertain after some real volatility from February through July. Except for a real spike in July flanked by two severe months of declines, car registrations have been downbeat. The EU numbers today are completed by release of the French car registration figures that show a decline in August. With two months gone in the third quarter, car registrations are dropping at a 14% annual rate in France. For the EU, car registrations are up at a 10% pace in Q3. For August, a rebound in Germany and strength in Italy have helped to push the registration numbers up for EMU in face of declines in the UK and France. On the whole, though, car sales are as irregular as ever and hard to count on.

EU Car Registrations
  Month-to-month Saar
  Aug-07 Jul-07 Jun-07 3-Mo 6-Mo 12-Mo
EU Total 1.9% 1.8% -7.5% -15.3% 11.5% 0.7%
from 3Mo Moving average -1.4% 2.6% -0.6% 2.0% 1.6% 2.0%
Country detail
Germany 6.3% 3.0% -4.7% 18.0% 56.5% -2.1%
France -3.9% 3.2% -1.4% -8.8% -1.3% -1.8%
Italy 10.5% -10.5% -5.2% -22.9% 4.7% 7.3%
Spain 5.3% -2.4% -6.2% -13.6% 10.5% -2.8%
UK -20.0% 2.4% 0.3% -54.4% -29.4% 1.3%
All SA France also working day adjusted
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