Euro Sign in Frankfurt (by Stephan Rückert)Euro Sign in Frankfurt, Willy Brandt Platz (by Stephan Rückert)

ECB Consumer Expectations Survey Highlights Inflation and Economic Growth Trends for December 2023

  • ECB Survey Expands to Five Additional Countries
  • Inflation Expectations Show Varied Trends for Short and Long Term

Frankfurt, Germany – The latest results from the European Central Bank’s (ECB) Consumer Expectations Survey for December 2023 reveal several key economic insights on Tuesday: Notably, the survey now encompasses five additional countries: Ireland, Greece, Austria, Portugal, and Finland, broadening the scope of its economic analysis.

Key findings from the December 2023 survey include a decline in median consumer inflation expectations for the next 12 months, marking the third consecutive month of this downward trend. However, inflation expectations looking three years ahead have slightly increased, indicating a nuanced view of future economic conditions.

Stability is observed in consumers’ expectations for nominal income growth and spending growth over the next 12 months, reflecting a consistent economic outlook among respondents. Economic growth expectations for the next 12 months have remained unchanged, suggesting a steady economic sentiment.

Interestingly, consumers’ expectations for home price growth over the next year have seen a slight decrease, paralleling a decline in expectations for mortgage interest rates in the same period. This shift could reflect changing dynamics in the housing market.

Overall, the survey results provide valuable insights into consumer expectations, highlighting cautious optimism in some areas, while signaling potential concerns in others. The inclusion of additional countries in the survey offers a more comprehensive view of the economic sentiments across Europe.

By Silvia Orfeo

Silvia Orfeo is a Sr. Politics and Economics Reporter at Nobot.News

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