ECB Survey Shows 12-Month Inflation Expectations Fall to 2.9% as 5-Year View Holds at 2.4%
Updated
Updated · zpravy.kurzy.cz · Aug 21
ECB Survey Shows 12-Month Inflation Expectations Fall to 2.9% as 5-Year View Holds at 2.4%
3 articles · Updated · zpravy.kurzy.cz · Aug 21
Summary
July euro-area consumers cut their median 12-month inflation expectation to 2.9% from 3.0%, while three-year expectations slipped to 2.7% and five-year expectations stayed at 2.4%.
3.5% perceived inflation over the previous 12 months also edged down from 3.6%, though uncertainty about the next year remained elevated versus pre-war-in-the-Middle-East levels.
Economic expectations improved modestly, with expected growth over the next 12 months rising to -1.2% from -1.4%, while the expected unemployment rate held at 11.2%.
Labour-market sentiment still weakened in quarterly data: unemployed respondents saw their chance of finding a job fall to 30.8% from 32.1% in April, and employed respondents put job-loss risk at 9.8% after 8.8%.
Housing expectations were steadier, with home-price growth seen at 3.4% and mortgage rates easing to 4.9% from 5.0%, even as households reported tighter recent credit access.