Council hails progress in 2023 conclusions on EU statistics

Brussels: The Economic and Financial Affairs Council (ECOFIN) approved the 2023 conclusions on EU statistics during its meeting on 9 November, highlighting how important the high-quality statistics provided by the European Statistical System are to policymaking.

Reviewing the progress made on the priorities for EU statistics that the Council established in November 2022, the ministers welcomed the continued timely and effective statistical support given by the European Statistical System and the European System of Central Banks to the EU’s response to the Russian military aggression against Ukraine. The Council also welcomed the strong statistical support to key EU initiatives, for example to the “REPowerEU” plan and to the European Green Deal, and Eurostat’s monitoring of progress towards the Sustainable Development Goals at EU level, including Eurostat’s contribution to the EU voluntary review the Commission presented at the United Nations.

Furthermore, the Council welcomed the progress made in statistics used for the information requirements of Economic and Monetary Union (EMU), on the quality of statistics for the Macroeconomic Imbalances Procedure and the Stability and Growth Pact. The Council appreciated the progress on the completeness of the Principal European Economic Indicators and underlined their importance for the analysis of developments in economies at both the European and Member State level. The Council particularly welcomed the new monthly index of services production, which will become available from April 2024. The Council also acknowledged achievements in demographic and social statistics, such as the Eurostat publication of long-term population projections, as well as the significant progress made on data relating to digital platform workers.