1. European Statistics provided by the ECB
Werner Bier,
Per Nymand-Andersen
European Central Bank
Committee for the Coordination of Statistical Activities (CCSA)
Twentieth Session, Frankfurt, September 2012

2. Outline European statistics Core ESCB Statistics
European Union Member States
Euro area
Special status
Derogation
European statistics
Core ESCB Statistics
Future challenges in statistics
Conclusion

3. The European statistical architecture
ECB & 27 NCBs
Eurostat & 27 NSIs
general economic statistics including;
HICPs, prices and costs
domestic and national output, expenditure and income
money, banking, financial markets statistics
international reserves
effective exchange rates
quarterly financial accounts
Shared: (i) balance of payments statistics; (ii) international investment position statistics; (iii) financial and non-financial accounts; (iv) statistical infrastructure
Based on a Memorandum of Understanding (March 2003)
Cross-participation in Committee work and substructures

4. European statistics provided by the ESCB
ECB is a Supranational organisation
The Treaty provides ECB with the competence to collect the full set of information needed to perform the tasks of the ESCB
ECB Regulations
Directly applicable on economic agents – firms
ECB Guidelines
Binding on central banks
Merits and cost procedures for all new statistics (benefit & cost analysis)

5. European statistics provided by the ESCB
Supplemented by statistics from international organisations, surveys, market information and ad hoc collections
The ECB and the 27 NCBs work in a strong governance structure
Develops new statistics and statistical methods and prepares legal acts
NCBs collect statistics on the basis of ECB legal acts and submit harmonised datasets to the ECB
ECB produces and releases (mainly) euro area statistics

6. European statistics provided by the ESCB
Monetary & financial market statistics
Monetary aggregates and counterparts
Balance sheet statistics of banks, investment funds, financial vehicle corporations and insurance corporations and pension funds
Banks interest rates statistics
Securities statistics, payments and securities settlement statistics, financial markets price and volume statistics, yield curves,
Financial stability statistics, Securitisation (vehicle) statistics,
External statistics
Balance of payments, international investment position (including international reserves),
Effective exchange rates, international role of the euro

7. European statistics provided by the ESCB
Financial and non-financial euro area accounts
Integrated quarterly accounts by institutional sector covering transactions, other flows and balance sheets
Government finance statistics
Revenue, expenditure, deficit, debt, deficit-debt adjustments
General economic statistics
HICP, residential property price indicator, short-term indicators, labour market statistics
Surveys
Access to finance of Small and Medium Enterprises

8. Policy on the free reuse of ESCB statistics
Common policy regarding the reuse of European System of Central Banks (ESCB) statistics
Policy statement released on the central banks’ web-sites on Monday 3 September 2012
The ESCB is committed to providing its statistics free of charge as a public good of high quality irrespective of any subsequent commercial or non-commercial use
Link to ECB web-site with common policy statement

9. Future challenges in ESCB European statistics
Monetary policy Well developed More granularity
Financial stability analysis and support to the ESRB

10. Future challenges in ESCB European statistics

11. Future challenges in ESCB European statistics
Data needs for ECB’s new supervisory role for the Banking Union (6.119 banks, July 2012)
e.g. banking structures, solvency ratios, liquidity measures, outlook
Developing more micro-level information sources
e.g. security-by-security & holdings information, loan-by-loan data
Enhance the integrated framework of euro area accounts
e.g. whom-to-whom, more detailed sector classification, country coverage, timeliness, flows and stocks reconciliations
Introducing the ESA 2010/BPM6 in ESCB statistics

12. Future challenges in ESCB European statistics
International engagements
i.e. UNSC, CCSA, G20, IAG, BIS, OECD, IMF, SDMX
New approaches for communicating statistics
i.e. user centric approach, two-way engagements, visualisations, video, statistics scientific publications, user friendly web-sites
Governing Council
Journalists/Media
Financial analysts
Research/Academia
General public
Data Vendors
Policy Advisers

13. Supplements

14. Supplement – CCSA on Wikipedia
Committee for the Coordination of Statistical Activities is now live on Wikipedia Link
Description of the CCSA mandate
Listing of the CCSA members with hyperlinks
Links to the CCSA web-page as hosted by the UNSD
CCSA members are invited to test the CCSA entry on Wikipedia and
CCSA members are encourage to provide a hyperlink to the CCSA website as hosted by UNSD.

15. Supplement – free reuse of statistics

16. Supplement – ISI Conference
59th World Statistics Congress
25-30 August 2013 Hong Kong, China
Co-organised by the Census and Statistics Department of the Government of Hong Kong and the ISI (International Statistics Institute).