PRESS RELEASE

Annual quality report on the euro area balance of payments and international investment position statistics

14 January 2005

The European Central Bank (ECB) is today publishing a document entitled “Euro area balance of payments and international investment position statistics – Annual quality report”. Qualitative assessments and quantitative indicators for some quality dimensions may help users in the analysis of the statistics under review. The quality of these euro area statistics is assessed on the basis of methodological soundness, timeliness, revisions practice and studies, and consistency.

The report includes quantitative indicators developed by a joint ECB (DG Statistics)/European Commission (Eurostat) Task Force on Quality. The main conclusions of the report are that the euro area balance of payments and international investment position statistics are generally compiled in accordance with the worldwide standards and that the quantitative indicators for revisions and consistency indicate a progressive improvement in these quality aspects from 1999 onwards.

The report can be accessed and downloaded from the ECB's website at http://www.ecb.europa.eu. Hard copies can also be obtained by writing to the ECB’s Press and Information Division at the address below.

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