Eurostat, the statistical office of the European Union, publishes for the first time today the indicators of the Macroeconomic Imbalance Procedure (MIP) Scoreboard. The Scoreboard indicators provide the statistical support to the Commission's Alert Mechanism Report. The headline indicators are available on a dedicated section of the Eurostat website, which will be regularly updated as the underlying data become available. For Walter Radermacher, Director General of Eurostat, "This is a confirmation of Eurostat's role as the leading provider of high quality European statistics. For the Commission, it is very important that the statistical information used in the Alert Mechanism is compiled according to the principles of the European Statistics Code of Practice of the European Statistical System. The Code ensures the relevance, comparability and quality of the data, produced by independent statistical institutions."
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