Big data have high potential for nowcasting and forecasting economic variables. However, they are often unstructured so that there is a need to transform them into a limited number of time series which efficiently summarise the relevant information for nowcasting or short term forecasting the economic indicators of interest. Data structuring and conversion is a difficult task, as the researcher is called to translate the unstructured data and summarise them into a format which is both meaningful and informative for the nowcasting exercise. In this paper we consider techniques to convert unstructured big data to structured time series suitable for nowcasting purposes. We also include several empirical examples which illustrate the potential of big data in economics. Finally, we provide a practical application based on textual data analysis, where we exploit a huge set of about 3 million news articles for the construction of an economic uncertainty indicator. [+]
This extensive statistical book on enlargement countries covers the years 2005 to 2015 and contains tables and graphs on population, education, living conditions and labour market, economy and finance, agriculture, business, science, technology and digital society, external trade as well as transport, energy, and environment. A short commentary on the data and methodological notes are also included. [+]
The 2017 edition of 'Smarter, greener, more inclusive? — Indicators to support the Europe 2020 strategy' continues the series of Eurostat flagship publications supporting the Europe 2020 strategy by monitoring progress towards the targets and goals defined under the three mutually reinforcing priorities of smart, sustainable and inclusive growth. The analysis is based on the Europe 2020 headline indicators chosen to monitor progress towards the strategy’s targets. Other indicators focusing on specific subgroups of society or on related contextual issues are also used to deepen the analysis and present a broader picture. The data used mainly come from official statistics produced by the European Statistical System and disseminated by Eurostat. It covers the period from 2002 or 2008 up to the most recent year for which data are available (2015 or 2016). [+]
The current publication presents the simplified energy balance sheets for 2015 and time series of key elements of energy balances for the years 1990, 1995, 2000, 2005, 2010, 2014 and 2015. Energy data are available for all Member States of the European Union as well as Iceland, Norway, Montenegro, the Former Yugoslav Republic of Macedonia, Albania, Serbia, Turkey, Kosovo (UNSCR 1244/99) and Ukraine. The energy balances have been constructed according to Eurostat's methodology, on the basis of the energy content of each source and form of energy. The energy balances are expressed in thousands of tonnes of oil equivalent (ktoe). [+]
Eurostatistics — Data for short-term economic analysis — shows the evolution of the economic activity in the European Union, euro area and Member States. This monthly review gives a synthetic picture of the macroeconomic situation in the recent past. It is based on Principal European Economic Indicators (PEEIs), complemented by some business cycle indicators. [+]
EURONA is an open access, peer reviewed, scholarly journal dedicated to National Accounts and Macroeconomic Indicators. EURONA aims at providing a platform for researchers, scholars, producers and users of macroeconomic statistics to exchange their research findings. This first issue of 2017 includes articles on the measurement of output growth and inflation across space and time, the use of national accounts from the 17th century till present, the processing of scanner data for consumer price indices and the use of big data for macroeconomic nowcasting. [+]
This statistical publication – commemorating the 40th anniversary of EU-ASEAN Dialogue Relations celebrated in 2017 – offers an insight into a range of socioeconomic issues concerning EU–ASEAN relations. It focuses on statistical data on trade, investment and migration, and also provides an overview of key data regarding the economy, finance, labour market and population. The data, presented in this publication, has been extracted from the Eurostat’s online database, statistics pages of the ASEAN website and a range of international sources. [+]
‘Migrant integration statistics’ presents different aspects of the European Union (EU) statistics on the integration of migrants. The successful integration of migrants into society in the host country is key to maximising the opportunities of legal migration and making the most of the contributions that immigration can make to EU development. In this publication, migrant integration is measured in terms of employment, education, social inclusion and active citizenship in the host country. The analysis is based on 2015 statistics from the Labour Force Survey (EU-LFS), statistics on income and living conditions (EU-SILC) and Eurostat’s migration statistics.
In addition, this publication provides an analysis on the labour market situation of migrants and their immediate descendants based on the outcomes of the 2014 ad-hoc module of EU-LFS. Data are presented for the European Union and its Member States as well as for the EFTA countries. [+]
Browsing, chatting, online shopping are among our everyday activities that use information and communication technologies (ICT), such as computers, laptops or smartphones. Nowadays, we spend a considerable part of our time online for various reasons, whether at work, at school or university, at home or on the move. Likewise, businesses operate within a digital environment: more and more they conduct business electronically with their partners and interact online with customers.
Statistics can help to better understand the challenges our digital society is facing. This is the aim of the new digital publication 'Digital economy & society in the EU'. By presenting easily understandable statistics on several ICT-related topics through texts, graphs, dynamic data visualisations and an animation, this new digital publication aims to provide answers in a user-friendly way to the most common questions asked by EU citizens on the digital economy and society. [+]
The purpose of this publication is to provide compilers and users of European statistics on international trade in goods with an exhaustive overview of the legal acts laying down the rules to be followed for the data collection, compilation and dissemination. To complete the picture it also addresses the other Union legal acts which impact trade in goods statistics, namely the customs and fiscal legislation. Furthermore it provides useful legislative background information, as well as summaries of the legal acts and short descriptions of their key features. [+]