The Economic and Financial Affairs Council (ECOFIN) has approved the 2022 conclusions on EU statistics during the ECOFIN Council meeting on 8th November, welcoming the response of the European Statistical System (ESS) to the need for new and timelier statistics prompted by the Russian war of aggression against Ukraine, notably with respect to statistics on energy, supply chains, migration and the labour market.
The Ministers reviewed the progress related to information requirements in the economic and monetary union (EMU), statistics for the excessive deficit procedure (EDP) and surveillance of macroeconomic imbalances and Statistics in relation to Sustainable Development Goals and the European Green Deal.
It was concluded that Eurostat and the European National Statistical Institutes, in cooperation with the European System of Central Banks, 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 reiterated the importance of increased and sustained access for producers of official statistics to new data sources, and recognised the need to ensure that human and financial resources are adequate for Eurostat and National Statistical Authorities to address urgent data requirements including 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.
For more information:
- The Council’s conclusions on EU statistics 2022
- The main results from the ECOFIN Council meeting on 8th November
- Eurostat statistics on the impact of the war in Ukraine
Methodological notes:
- The ECOFIN Council is responsible for EU policy in three main areas: economic policy, taxation issues and the regulation of financial services. It is made up of the economic and finance ministers from all member states and approves EU statistics every Autumn, with a view to review progress achieved with respect to the priorities of the previous year and provide guidance for further work.
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