ECB Consumer Expectations Survey: Inflation and Economic Growth Expectations

The European Central Bank (ECB) has released the results of its Consumer Expectations Survey for May 2026. The survey provides valuable insights into consumer expectations and economic growth forecasts. The perceived inflation rate over the past 12 months remained unchanged at 4.0%, while expected inflation over the next 12 months decreased to 3.5%. Expectations for inflation three years and five years ahead remained unchanged at 2.9% and 2.4%, respectively. The survey also contains information on income expectations and spending habits. Consumers expect nominal income growth of 1.0% over the next 12 months. Nominal spending growth over the past 12 months was 5.4%. Economic growth expectations were reported at -1.7%. Unemployment rate expectations were 11.3%. The survey results show the impact of economic developments on consumer expectations. House prices and mortgage interest rates are also important topics in the survey. Consumers expect house prices to increase by 3.6% over the next 12 months. Mortgage interest rate expectations remained unchanged at 4.9%. The survey results are an important resource for understanding trends and expectations in the economy.

Conclusion and Analysis: The ECB's Consumer Expectations Survey provides insights into the impact of economic developments on consumer expectations. The survey results contain important information on economic growth, inflation, and unemployment rates. The results are an important resource for understanding trends and expectations in the economy.