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Communication of Statistics

ECB-RESTRICTED. FINAL. Communication of Statistics. Joint ECB NBRM Seminar on Statistics Skopje, 4 October 2013. ECB-RESTRICTED. FINAL. Outline – STAP Communication of Statistics. 1. The importance of communicating statistics. 2. Who are using our statistics. 3.

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Communication of Statistics

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  1. ECB-RESTRICTED FINAL STC - Statistics Accessibility and Presentation Group (STAP) Communication of Statistics Joint ECB NBRM Seminar on StatisticsSkopje, 4 October 2013

  2. ECB-RESTRICTED FINAL Outline – STAP Communication of Statistics 1 The importance of communicating statistics 2 Who are using our statistics 3 User feed-back and what do they want 4 Challenges ahead * The views expressed are those of the author and do not necessarily reflect the position of the ECB.

  3. The importance of communicating statistics Good sustainable decisions Professional users and citizens Policy-making Knowledge-based society Policy validations Policy accountability Policy decisions Communication Communication Analysis & assessment Policy options Statistical and financial literacy Analysis & assessment Factual and independent statistics The communication of statistics contributes to building public support for and trustin the pursuit of price and financial stability and prudent economic policies. Source: Nymand-Andersen, P. (2013), “Communicating central banking statistics: Making useful sense of statistics in a dynamic world”, Journal of the International Association for Official Statistics, IOS Press, forthcoming

  4. The importance of communicating statistics Source: Nymand-Andersen, P. (2013), Communicating facts and figures in times of financial crisis: a European perspective, Special edition of the Statistical Journal of the IAOS to celebrate the 2012 IAOS Conference, IOS Press, forthcoming

  5. Who are using our statistics • Based on 5 tailor-made user surveys: • Interview with ECB journalists • ECB website users • International ESCB/IO statisticians • Large data users/vendors • European banks/European Banking Federation (EBF) Significant barriers for accessing statistics More than 300 suggestions for improving the accessibility and usability of ESCB statistics also…

  6. Who are using our statistics Core users of Statistics Request for Statistics Governing Council/ Executive Board Journalists/Media Financialanalysts Research/Academia General public High volume data users Reporting institutions • Serving the core professional market segment willamplify the statistics message and reach a significant broader audiences, including the general public

  7. User feed-back and what do they want • From the pool of research • 62 recommendationsare put forward as the most valuable andfit for central banking • The recommendations are already standard practice and are applied with success by other NCBs, OECD, FED, Eurostat and NSIs • The 62 recommendations were clustered into • Nine self-contained “Islands of Excellence” – (IoE)

  8. User feed-back and what do they want

  9. User feed-back and what do they want

  10. Challenge of communicating statistics • web-statistics sharing of findings • user needs • use of video • press briefings • press releases • the use of webinars • release policy • one stat shop • technical feasibilities • technical standards • friendly downloads • mobile applications • EBF, statistics to reporters • data vendors

  11. Challenge of communicating statistics • Extract wisdom from statistics, what is the statistical message, guide the users in using quality statistics • Users can not be expected to understand statistics language and the impact of different statistics methods • Combine text, statistics, tables and graphs for easy reuse • Boost the use of visualisations and graphics • Tailor internet portal for core professional users based on economic concepts and an user centric approach

  12. Challenge of communicating statistics • The STC created a “Statistics Accessibility and Presentation Group” • Think tank for proposals for “making ESCB statistics more accessible” • Propose communication strategy and prioritised implementation proposalsto the in a phased approach • The STC working groups play a central and important role in the implementation process • STC forthcoming proposal for • a policy for accessing euro area and national statistics • fostering cooperation and information-sharing and transparency in methodology • serving reporting agents with meaningful statistics

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