The Council has reviewed the progress related to information requirements in EMU, statistics for the EDP, surveillance of macroeconomic imbalances and structural statistics.
The Council adopted the following conclusions:
Following the priorities set in the previous Council Conclusions on
EU statistics of November 2021, notably on the EFC Status Report on
Information Requirements in EMU, and taking into consideration the
political guidelines for the Commission 2019-2024, the Council has
reviewed the progress related to information requirements in EMU,
statistics for the EDP, surveillance of macroeconomic imbalances and
structural statistics.
The statistical response to crises
The Council welcomes that the European Statistical System (ESS) and
the European System of Central Banks (ESCB) have ensured that high
quality official statistics continued to be published to deadline during
the COVID-19 pandemic, with a strong and growing demand from users. The
Council further welcomes the involvement and efforts of Eurostat, in
close cooperation with the Member States, for developing and
implementing guidance on the statistical aspects of new policy measures
to address the pandemic. The Council calls for the expansion of
statistical accounts for European Union institutions to reflect the
impact of these initiatives in their statistics.
Further, the Council welcomes the response of the ESS to the needs
for new and timelier statistics created by the Russian war of aggression
against Ukraine, notably with respect to statistics on energy, supply
chains, migration and the labour market, and encourages the ESS to
provide relevant support to the Ukrainian statistical authorities.
In this overall context, the Council acknowledges the continuing
development by the ESS of new, highly relevant statistics, often on an
experimental basis, in particular those that measure the impact of the
war in Ukraine on the European economies and societies.
Access to data for the compilation of timelier and more detailed official statistics
The Council reiterates the importance of increased and sustained
access for producers of official statistics to new data sources. The
Council takes note of the ESS position paper on the future Data Act
proposal, and takes note of the discussion on the forthcoming Data Act
to support the establishment of a sustained and legally framed access to
privately held data for the compilation of timely and more detailed
official statistics. Furthermore, the Council looks forward to a
possible proposal by the Commission on the revision of Regulation
No°223/2009 on European statistics, addressing in particular the issue
of access to new data sources from the specific perspective of European
statistics as well as ways to ensure increased agility and
responsiveness of the ESS.
The Council acknowledges the importance of accurate and consistent
financial and non-financial statistics. It calls upon the ESS and the
ESCB to further enhance cooperation within and between the respective
systems. In this context, the Council encourages the ongoing reflections
how to further facilitate the sharing of relevant information between
statistical compilers.
Adequate resources for official statistics
The Council recognizes the need to ensure that human and financial
resources are adequate for Eurostat and National Statistical
Authorities, to address urgent data requirements including on the
digital transformation, the green transition and climate change, as well
as the aftermath of the pandemic and the impacts of the Russian war of
aggression against Ukraine.
The 2022 EFC Status Report on Information Requirements in EMU
The Council takes note of the developments described in the 2022 EFC
Status Report on Information Requirements in the EMU. In particular, the
Council:
Appreciates the further improvements in country coverage, timeliness,
length of time series and overall quality of the Principal European
Economic Indicators (PEEIs).
Uunderlines the continuing important role played by the PEEIs as a
basis for monitoring short- term economic developments and looks forward
to further progress to close remaining gaps....
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