www.ecb.europa.eu
6 February 2024
- the survey covers five additional countries (Ireland, Greece, Austria, Portugal and Finland);
- median consumer inflation expectations for the next 12 months declined for the third consecutive month, while inflation expectations three years ahead edged up;
- expectations for nominal income growth over the next 12 months and expectations for nominal spending growth remained broadly stable;
- expectations for economic growth over the next 12 months remained unchanged, while the expected unemployment rate in 12 months’ time decreased;
- expectations for growth in the price of homes over the next 12 months declined slightly, while expectations for mortgage interest rates 12 months ahead also declined.
The ECB Consumer Expectations Survey (CES) now covers five more countries (Ireland, Greece, Austria, Portugal and Finland). The total number of countries increased from 6 to 11, accounting for 96% of the euro area’s GDP and 94% of its population. From now…