EFC Status Report

PEEIs represent a comprehensive set of infra-annual macro economic statistics aiming to describe the economic and labour market situation as well as price developments in the euro area and the European Union, which are of particularly high importance for economic and monetary policy.

The Communication of the Commission to the European parliament and the Council on Eurozone statistics "Towards improved methodologies for Eurozone statistics and indicators" of November 2002 has defined the list of PEEIs and their timeliness targets.

Since 2002, achieved progress and remaining challenges have been constantly monitored. Each year Eurostat, in cooperation with the European Central Bank, drafts a Status Report on Information Requirements in the Economic and monetary union (EMU) which is first submitted to the Economic and Financial Committee (EFC) and then to the Economic and Financial Affairs Council (ECOFIN).