Moreover, the changeover to the new European System of Accounts (ESA 95), which began in the course of last year, meant a further improvement in this respect and should be seen as representative of the ongoing efforts to develop a wholly satisfactory basis for the single monetary policy.
It is true that in some areas further progress is still needed and, overall, it still holds that there is relative dearth of area-wide data compared with the availability of data in individual Member States.