Euro Area EUR

Euro Area 8th European Central Bank Conference on Statistics

Impact:
Medium
Source: European Central Bank

Next Release:

Date:
Period:
What Does It Measure?
The 8th European Central Bank Conference on Statistics measures the distribution and analysis of statistical data used in monetary policy and economic research within the Euro Area. It primarily focuses on the quality, consistency, and availability of statistical information, assessing components such as inflation rates, employment statistics, and overall economic performance.
Frequency
This conference is held annually, typically occurring in the second half of the year, and serves as a platform for policymakers, economists, and statisticians to discuss advancements and challenges in the field of economic data collection and analysis.
Why Do Traders Care?
Traders care about this event as it highlights the importance of reliable statistical data in guiding monetary policy decisions, which can affect financial markets significantly. Enhanced statistical understanding and tools can lead to more accurate forecasts and confidence in the Euro, while gaps in data quality may prompt caution among investors regarding European financial assets.
What Is It Derived From?
The conference's discussions are derived from a combination of empirical data, research papers submitted by economists and statisticians, and presentations by key ECB officials. It typically incorporates feedback from a wide range of stakeholders in the Euro Area, including policymakers, academic researchers, and industry professionals.
Description
This conference often features various preparatory papers that delve into contemporary issues related to economic statistics, facilitating a collaborative exchange of ideas aimed at improving the accuracy and utility of economic data. The proceedings not only reflect the current understanding within the ECB and its member states but also address potential future trends and methodologies in economic statistics.
Additional Notes
The conference serves as a coincident economic measure, providing insights into the current state of statistical practices that can directly influence monetary policy and economic conditions in the Euro Area. As statistical transparency and reliability are linked to broader economic health, findings from this conference may have implications for related indicators such as GDP growth and inflation rates within the region.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise