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Euro-indicators Working Group Luxembourg, 4 th & 5 th December 2008

This document outlines the background, main characteristics, changes in 2008, and further improvements of the PEEIs webpage for key indicators in European policies. It discusses the launch of the new webpage, its structure, feedback from users, and future coverage extensions. It also mentions the euro area enlargement and highlights the need for quality improvement in the PEEIs metadata.

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Euro-indicators Working Group Luxembourg, 4 th & 5 th December 2008

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  1. Euro-indicators Working GroupLuxembourg, 4th & 5th December 2008 Eurostat – Unit D1 Key indicators for the European policies

  2. Item 3.1 of the Agenda Improving the PEEIs webpage ByRosa RuggeriCannata Doc 228/08 Eurostat – Unit D1 Key indicators for the European policies

  3. Outline • Background • Main characteristics of the PEEIs webpage • Changes in 2008 • Further improvement Eurostat – Unit D1 Key indicators for the European policies

  4. Background • 2002 : Commission Communication "Towards improved methodologies for Eurozone statistics and indicators", COM/2002/661 • 2003 : Joint Report of the Council and Commission on Eurozone statistics and indicators called for the development of a set of PEEIs for monetary and economic analysis • Recent years: EFC Status Reports on EMU • PEEIs Steering Group Eurostat – Unit D1 Key indicators for the European policies

  5. The new PEEIs webpage • 16th October 2007: launch of the new webpage • A daily snapshot of the business cycle in the euro area and the European Union : A set of key indicators available in just one webpage • Providing media, policy makers, analysts, academics and the general public with a useful tool for decision making, economic analysis and research • Very encouraging feedback from users (DG ECFIN, ECB, EFC subcommittee on Statistics) Eurostat – Unit D1 Key indicators for the European policies

  6. Page structure • Data in two tables for EA and EU easily selectable • Mainly at monthly and quarterly frequency • Latest and next data releases • Link to metadata • Links to Euro-indicators tables (TGM interface) containing national data • Links to external sites for data not released by Eurostat Eurostat – Unit D1 Key indicators for the European policies

  7. 2008 Changes • Euro area enlargement in January 2008: Cyprus and Malta join the EA 15 • Current Account: • Monthly euro area data produced by ECB • In the past: evolving EA • Now: euro area 15 aggregate Eurostat – Unit D1 Key indicators for the European policies

  8. Future Coverage extensions • Industry • Industrial Import Price Index • Quarterly Sectoral Accounts (released since June 2007) • Household saving rate as percentage of households disposable income • Business investment rate (in percentage) • National Accounts • Government Consumption • External balance Eurostat – Unit D1 Key indicators for the European policies

  9. Further improvements • In 2009 euro area will be extended to include Slovakia • Quality • Reviewing and modification of the Euroindicators/PEEIs metadata • Creation of PEEIs quality profiles Eurostat – Unit D1 Key indicators for the European policies

  10. Thank you for your attention! Eurostat – Unit D1 Key indicators for the European policies

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