ECB Consumer Expectations Survey results – August 2023

ECB Consumer Expectations Survey results – August 2023

 

Compared with July 2023:

• median consumer inflation expectations for the next 12 months and those for three years ahead increased marginally;
• expectations for nominal income growth over the next 12 months increased slightly, but expectations for nominal spending growth declined somewhat;
• expectations for economic growth over the next 12 months became slightly more negative and the expected unemployment rate in 12 months’ time increased marginally;
• expectations for growth in the price of homes over the next 12 months slightly increased, and expectations for mortgage interest rates 12 months ahead rose marginally. (...)