MICROS II is an ESA-funded project that develops an innovative prototype platform for generating econometric nowcasting products by combining Earth Observation data, artificial intelligence, automatic image processing, and statistical modelling techniques. The project aims to demonstrate how satellite-derived information can be used to produce timely indicators of economic activity, supporting evidence-based decision-making by public authorities and policymakers. By integrating geospatial analytics, AI-driven data processing, and correlation models into an accessible user interface, MICROS II enables the extraction of valuable economic insights from remotely sensed data, showcasing the potential of Earth Observation technologies to support economic monitoring, forecasting, and public-sector decision-making.