Survey of Professional Forecasters
The ECB Survey of Professional Forecasters (SPF) collects information on the expected rates of inflation, real GDP growth and unemployment in the euro area at several horizons, ranging from the current year to the longer term. Expectations are reported not only as point forecasts, but also as probability distributions, providing a quantitative assessment of risk and uncertainty.
The Survey of Professional Forecasters began in 1999. The aggregate results and microdata are published four times a year. The next release will be published on 19 July 2024 (provisional).
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Inflation expectations unchanged across all horizons. Longer-term inflation expectations (for 2028) stand at 2.0%. Real GDP growth expectations broadly unchanged; economic activity expected to strengthen gradually throughout 2024. Unemployment rate expectations largely unchanged.
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Explore in detail the latest survey respondents' expectations on future inflation, economic growth, unemployment and other economic variables.
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