{"id":455932,"date":"2025-09-27T18:08:15","date_gmt":"2025-09-27T18:08:15","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/455932\/"},"modified":"2025-09-27T18:08:15","modified_gmt":"2025-09-27T18:08:15","slug":"ecb-statistics-chief-says-eu-data-earn-trust-from-high-standards","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/455932\/","title":{"rendered":"ECB statistics chief says EU data earn trust from high standards"},"content":{"rendered":"

European Union economic data are robust and trustworthy because their production is underpinned by independence, according to the European Central Bank<\/a>\u2019s statistics chief.<\/p>\n

Some 16 years after Greece\u2019s drastic deficit revisions set off the region\u2019s debt crisis, the region\u2019s system of compiling numbers that support important policy decisions \u2014 including interest-rate setting \u2014 is operating to the \u201chighest standards,\u201d Claudia Mann wrote<\/a> in a blog published on the ECB\u2019s website.<\/p>\n

While the structure and joint responsibility of regional and national authorities might appear complicated and therefore open to making mistakes, the opposite turns out to be the case, she said.<\/p>\n

\u201cOur governance is complex, multilateral and sometimes feels intrusive,\u201d Mann wrote. \u201cThis, however, is a strength. Our thinking is exposed to many stakeholders early on. So, any attempt at manipulation would not only be unlawful \u2013 it would be practically impossible.\u201d<\/p>\n

Data in the EU are produced by the European Statistical System \u2014 made up of Eurostat<\/a> and the national statistical offices \u2014 and the European System of Central Banks, composed of the ECB and the national central banks.<\/p>\n

Her blog comes at a time of heightened scrutiny on those compiling reports about economic performance, and amid concerns that statistical agencies are at risk of being politicized.<\/p>\n

In the US, President Donald Trump fired the Bureau of Labor Statistics commissioner after significant data revisions, accusing her of incompetence. The UK statistics office recently launched a new attempt to improve the quality of its reports after first running into major problems with its labor market survey almost two years ago.<\/p>\n

Europe reinforced statistical independence following the Greek crisis, when the then-head of the country\u2019s statistics authority, Andreas Georgiou, was accused of allegedly conspiring to artificially inflate the 2009 government deficit figures while these numbers were validated by Eurostat.<\/p>\n

\u201cThe independence of statisticians and statistical offices from direct political or market pressure is one precondition for good statistics, and in the case of central banks, this independence is firmly safeguarded too,\u201d Mann wrote. \u201cEqually important are transparent and robust statistical processes, which allow for sources and methods to be scrutinized,\u201d as well as sound quality management that \u201censures that errors are corrected, and improvements are made when necessary.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"European Union economic data are robust and trustworthy because their production is underpinned by independence, according to the…\n","protected":false},"author":2,"featured_media":455933,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5174],"tags":[2000,299,5187,1699],"class_list":{"0":"post-455932","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu","8":"tag-eu","9":"tag-europe","10":"tag-european","11":"tag-european-union"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115277601452101624","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/455932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=455932"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/455932\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/455933"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=455932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=455932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=455932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}