• 1 year ahead inflation expectations 2.5% vs 2.9% prior
• 3 and 5 years ahead unchanged at 3.0%
• Most firms affected by trade tensions
• Firms with exports to US most exposed
• A net 23% of firms are optimistic about developments in the next quarter, but report a deterioration in their profits

These won’t change anything for the ECB at the moment as they continue to gather more information throughout the summer. The market is still pricing one last cut by year-end.

This article was written by Giuseppe Dellamotta at investinglive.com.