Eurostat published today the indicators of the Macroeconomic Imbalance Procedure (MIP) Scoreboard.

The MIP Scoreboard consists of fourteen indicators relevant for the early detection of existing or emerging macroeconomic imbalances at EU member level. It provides statistical support to the annual Alert Mechanism Report released by the European Commission at the start of the 2024 European Semester. The Alert Mechanism Report identifies those EU members for which in-depth analyses are required, based on an economic reading of the scoreboard indicators, complemented by other auxiliary indicators.

For the first time, following the Commission proposal for a regulation on the effective coordination of economic policies, EU and euro area aggregates have been added to the scoreboard. A note on the computation of MIP indicators for European aggregates has been published on the Eurostat website.