Europe / Eurozone

The ECB survey shows how consumers see future prices, incomes and spending, expectations that can influence wage demands and present behaviour.

The final July reading moved further above the ECB's target, with energy and services prices important to the inflation mix.

The updated estimate showed moderate expansion across the currency union while employment continued to edge higher.

The fall in sales volumes gives a cautious signal about household goods spending during the second quarter.

The jobless rate remained low by historical standards, while youth unemployment continued to show a much tougher labour market for younger workers.

The euro-area central bank paused as it assessed inflation persistence, energy uncertainty and the strength of economic activity.