ECB Consumer Expectations Survey Results – October 2024
29 November 2024
The European Central Bank (ECB) Consumer Expectations Survey (CES) for October 2024 shows that consumers are becoming increasingly pessimistic about the future economic outlook.
The survey, which was conducted between 15 and 25 October 2024, found that consumers’ expectations for the general economic situation over the next 12 months deteriorated significantly. The index measuring these expectations fell by 4 points to -12. This is the lowest level since March 2020, shortly after the start of the Covid-19 crisis.
Consumers’ expectations for their own financial situation also worsened. The index measuring these expectations fell by 3 points to -7, the lowest level since June 2020.
Consumers’ expectations for inflation remain elevated. The index measuring these expectations rose by 1 point to 3, the highest level since September 2022. This suggests that consumers are becoming increasingly concerned about the rising cost of living.
The ECB CES is a monthly survey of around 14,000 consumers in the euro area. The survey is designed to measure consumers’ expectations for the general economic situation, their own financial situation, and inflation. The results of the survey are used by the ECB to help assess the economic outlook and to make policy decisions.
The latest results of the CES suggest that consumers are becoming increasingly concerned about the economic outlook and that inflation remains a key concern. This could have implications for the ECB’s monetary policy decisions in the coming months.
ECB Consumer Expectations Survey results – October 2024
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Bacno de España – News and events a new article on 2024-11-29 15:59 titled “ECB Consumer Expectations Survey results – October 2024”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
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