The European Statistical System produces other European statistics, such as the Harmonised Index of Consumer Prices (HICP) or gross domestic product, population and social conditions statistics, regional statistics, agricultural and fishery statistics, environmental statistics, industry, transport and energy statistics, all of which are necessary to support the various policies of the European Union.
Any successful cooperation in the area of European economic and financial statistics therefore encompasses the national central banks and the national statistical institutes. Such cooperation has been successfully pursued for more than two decades in the Committee on Monetary, Financial and Balance of Payments Statistics (CMFB), which has delivered remarkable results and built up its reputation.