ECB Consumer Expectations Survey results – July 2023
Consumer inflation expectations for the next 12 months were unchanged, while expectations for three years ahead increased slightly; expectations for nominal income growth over the next 12 months declined slightly, but expectations for nominal spending growth remained stable; expectations for economic growth over the next 12 months became slightly more negative, and expectations for the unemployment rate in 12 months' time remained unchanged; expectations for growth in the price of homes over the next 12 months remained unchanged, while expectations for mortgage interest rates 12 months ahead increased slightly.