Euro zone consumers brace for recession and high inflation - ECB survey
Thursday, August 4, 2022
© Reuters. People with shopping bags walk near a shopping center, amid the coronavirus disease (COVID-19) pandemic, in Berlin, Germany December 21, 2021. REUTERS/Annegret Hilse FRANKFURT (Reuters) - Consumers in the euro zone are bracing for the economy to shrink and for high inflation to continue eating into their income in the next year, a European Central Bank survey showed on Thursday.
The Consumer Expectations Survey, used by policymakers for input in their deliberations and published on Thursday for the first time, showed households were beginning to lose faith in the ECB's ability to bring inflation back down to its 2% goal.
The poll, carried out in June, showed the median consumer expected prices to grow by 5% over the following year and saw inflation at 2.8% in three years' time.
This compares to expectations for nominal income to grow by 0.9% and spending by 3.9%, implying a large dent in households' ability to save.
Consumers also expected the economy to contract by 1.3% in the coming 12 months.
By comparison, the ECB expects inflation to average 6.8% in 2022 before falling to 3.5% in 2023 and 2.1% in 2024. It sees growth at 3.7% this year, 2.8% next year and 1.6% in 2024.
The ECB raised interest rate by 50 basis points last month and guided for more hikes in the months ahead to fight record-high euro zone inflation, which hit 8.9% last month.
It cited "anchoring...inflation expectations" as one of the reasons for the move.
For the survey, the ECB interviews around 14,000 adults each month from Belgium, Germany, Spain, France, Italy and the Netherlands. These countries represent 85% of the euro area's GDP and 83.8% of its population.
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19-08-2022 15:01:53 (UTC+7)
EUR/USD
1.0087
-0.0001 (-0.01%)
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EUR/USD
1.0087
-0.0001 (-0.01%)
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GBP/USD
1.1908
-0.0022 (-0.19%)
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USD/JPY
136.71
+0.82 (+0.61%)
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AUD/USD
0.6911
-0.0007 (-0.10%)
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USD/CAD
1.2966
+0.0019 (+0.15%)
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EUR/JPY
137.90
+0.81 (+0.59%)
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EUR/CHF
0.9660
+0.0008 (+0.08%)
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Gold Futures
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Silver Futures
19.163
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3.6305
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Crude Oil WTI Futures
90.06
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Brent Oil Futures
96.19
-0.40 (-0.41%)
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Natural Gas Futures
9.110
-0.078 (-0.85%)
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US Coffee C Futures
214.80
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Euro Stoxx 50
3,763.75
-13.63 (-0.36%)
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S&P 500
4,283.74
+9.70 (+0.23%)
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DAX
13,636.05
-61.36 (-0.45%)
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FTSE 100
7,546.85
+5.00 (+0.07%)
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Hang Seng
19,772.50
+8.59 (+0.04%)
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US Small Cap 2000
2,000.73
+13.41 (+0.68%)
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IBEX 35
8,385.59
-44.71 (-0.53%)
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BASF SE NA O.N.
43.362
-0.078 (-0.18%)
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Bayer AG NA
53.54
-0.52 (-0.96%)
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Allianz SE VNA O.N.
177.30
-1.22 (-0.68%)
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Adidas AG
166.65
-0.87 (-0.52%)
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↑ BuyMoving Avg:
Buy (8)
Sell (4)
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Buy (8)
Sell (1)
Deutsche Lufthansa AG
6.415
-0.151 (-2.30%)
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Siemens AG Class N
109.90
-0.36 (-0.33%)
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Buy (1)
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Deutsche Bank AG
8.705
-0.163 (-1.84%)
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↑ SellMoving Avg:
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Indicators:
Buy (1)
Sell (8)
| EUR/USD | 1.0087 | ↑ Sell | |||
| GBP/USD | 1.1908 | ↑ Sell | |||
| USD/JPY | 136.71 | ↑ Buy | |||
| AUD/USD | 0.6911 | Neutral | |||
| USD/CAD | 1.2966 | ↑ Sell | |||
| EUR/JPY | 137.90 | Buy | |||
| EUR/CHF | 0.9660 | ↑ Sell |
| Gold | 1,766.75 | Buy | |||
| Silver | 19.163 | ↑ Sell | |||
| Copper | 3.6305 | ↑ Buy | |||
| Crude Oil WTI | 90.06 | ↑ Buy | |||
| Brent Oil | 96.19 | ↑ Buy | |||
| Natural Gas | 9.110 | ↑ Buy | |||
| US Coffee C | 214.80 | ↑ Sell |
| Euro Stoxx 50 | 3,763.75 | ↑ Sell | |||
| S&P 500 | 4,283.74 | Sell | |||
| DAX | 13,636.05 | ↑ Sell | |||
| FTSE 100 | 7,546.85 | ↑ Buy | |||
| Hang Seng | 19,772.50 | Neutral | |||
| Small Cap 2000 | 2,000.73 | ↑ Buy | |||
| IBEX 35 | 8,385.59 | ↑ Sell |
| BASF | 43.362 | Sell | |||
| Bayer | 53.54 | ↑ Sell | |||
| Allianz | 177.30 | ↑ Sell | |||
| Adidas | 166.65 | ↑ Buy | |||
| Lufthansa | 6.415 | ↑ Sell | |||
| Siemens AG | 109.90 | Sell | |||
| Deutsche Bank AG | 8.705 | ↑ Sell |
| Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
|---|---|
| SJC Eximbank | 6,590 / 6,690 (-10 / -10) # 1,715 |
| SJC HCM | 6,620 / 6,720 (0/ 0) # 1,746 |
| SJC Hanoi | 6,620/ 6,722 (0/ 0) # 1,748 |
| SJC Danang | 6,620/ 6,722 (0/ 0) # 1,748 |
| SJC Nhatrang | 6,620/ 6,722 (0/ 0) # 1,748 |
| SJC Cantho | 6,620/ 6,722 (0/ 0) # 1,748 |
| Cập nhật 19-08-2022 15:01:55 | |
| Xem lịch sử giá vàng SJC: nhấn đây! | |
| ↀ Giá vàng thế giới | ||
|---|---|---|
| $1,754.01 | -4.56 | -0.26% |
| ʘ Giá bán lẻ xăng dầu | ||
|---|---|---|
| Sản phẩm | Vùng 1 | Vùng 2 |
| RON 95-V | 25.340 | 25.840 |
| RON 95-III | 24.660 | 25.150 |
| E5 RON 92-II | 23.720 | 24.190 |
| DO 0.05S | 22.900 | 23.350 |
| DO 0,001S-V | 24.880 | 25.370 |
| Dầu hỏa 2-K | 23.320 | 23.780 |
| ↂ Giá dầu thô thế giới | |||
|---|---|---|---|
| WTI | $89.54 | +0.71 | 0.79% |
| Brent | $95.44 | +0.42 | 0.43% |
| $ Tỷ giá Vietcombank | ||
|---|---|---|
| Ngoại tệ | Mua vào | Bán ra |
| USD | 23.235,00 | 23.545,00 |
| EUR | 22.981,75 | 24.268,73 |
| GBP | 27.175,39 | 28.334,31 |
| JPY | 167,13 | 176,93 |
| KRW | 15,26 | 18,59 |
| Cập nhật lúc 14:59:10 19/08/2022 Xem bảng tỷ giá hối đoái | ||
