ECB Consumer Expectations Survey results – December 2022

ECB Consumer Expectations Survey results – December 2022

Compared with November:

• consumer expectations for inflation 12 months ahead remained unchanged, while expectations for inflation three years ahead edged up;
• expectations for nominal income growth over the next 12 months increased, while expectations for nominal spending growth decreased slightly;
• expectations for economic growth over the next 12 months increased, whereas they decreased for the unemployment rate in 12 months’ time;
• consumer expectations for growth in the price of their home over the next 12 months and expectations for mortgage interest rates 12 months ahead remained broadly unchanged.(...)