ECB has released its Consumer Expectations Survey results for February 2023, which demonstrate a continuing moderating inflation expectations and uptick in growth outlook. The results suggest that consumers may be regaining some confidence in the Eurozone’s economic recovery prospects.
Median inflation expectations for the coming year dropped from 4.9% in January to 4.6%, compared to 5.0% in December. In addition, expectations for inflation three years ahead also saw a slight decrease, from 2.5% to 2.4%, in contrast to December’s 3.0%.
On a positive note, mean economic growth expectations for the next 12 months experienced an improvement. The figure rose from January’s 1.2% to -0.9%, a better outcome when compared to December’s -1.5%.
