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The ECB Survey of Professional Forecasters (SPF) is a quarterly survey of expectations for the rates of inflation, real GDP growth and unemployment in the euro area for several horizons, together with a quantitative assessment of the uncertainty surrounding them.
The survey is called the ECB Survey of Professional Forecasters to reflect the fact that all of the participants are experts affiliated with financial or non-financial institutions based within the European Union.
Additional information can be found in Occasional Paper No. 8 "An introduction to the ECB Survey of Professional Forecasters", 2003 (download) and Occasional Paper No.59 "The ECB survey of professional forecasters (SPF) – A review after eight years’ experience", 2007 (download [1.21 MB]). Results are reported in the ECB’s Monthly Bulletin on a quarterly basis (i.e. in the February, May, August and November issues).
A similar survey of professional forecasters is conducted by the Federal Reserve Bank of Philadelphia: The US SPF
Sample questionnaire: this document shows a recent survey form: download (last update: 04 February 2010)
Dates when the ECB SPF survey has been conducted and published download (last update: 06 August 2010)
For additional information about the survey please write to ecb-spf@ecb.europa.eu.
| We thank very much the following institutions who actively contributed to the ECB SPF over the last couple of years: | |
|---|---|
| A B C D E F G H I J K L M N O P Q R S T U V W X Y Z | |
| A | B |
| ABN AMRO Bank N.V. | Banco Bilbao Vizcaya Argentania (BBVA) |
| AIB Global Treasury | Banco Santander |
| Allianz SE | Banco Santander Totta |
| Alpha Bank | Bank Austria |
| Analistas Financieros Internacionales (AFI) | Bank of America Merrill Lynch |
| C | Bank of Ireland Global Markets |
| la Caixa | Belgian Federal Planning Bureau |
| Caja Madrid | BHF-BANK Aktiengesellschaft |
| Centro Europa Ricerche (CER) | BNP Paribas |
| Chambre de Commerce et d'Industrie de Paris | Bundesverband deutscher Banken (Association of German Banks), Berlin |
| Coe-Rexecode | D |
| Commerzbank AG | Davy Economic Research |
| Confederation of Danish Industry (DI) | Deutsche Bank Research |
| Confederation of Swedish Enterprise (CSE) | Deutscher Industrie- und Handelskammertag e.V. (DIHK) |
| Confindustria | Deutsches Institut für Wirtschaftsforschung e.V. (DIW Berlin) |
| CPB Netherlands Bureau for Economic Policy Analysis | Dexia Bank |
| CPR Asset Management | E |
| Crédit Agricole SA | EFG Eurobank Ergasias S.A. |
| G | EIPF, Ekonomski inštitut |
| Goldman Sachs Economic Research | European Forecasting Network (EFN) |
| Goldman, Sachs & Co. OHG | H |
| I | Hamburg Institute of International Economics (HWWI) |
| Ifo Institute for Economic Research | HSBC Bank plc |
| IHS Global Insight | K |
| ING Belgium SA/NV | KBC Asset Management |
| Institut für Höhere Studien (IHS) | KBC Bank Ireland |
| Institute for Studies and Economic Analyses (ISAE) | The Kiel Institute for the World Economy (IfW) |
| Instituto Flores de Lemus | L |
| Intermoney | Labour Institute for Economic Research |
| Intesa Sanpaolo | Lombard Street Research Ltd |
| N | M |
| National Bank of Greece | Millennium Investment Banking Financial Markets Research |
| National Institute of Economic and Social Research | O |
| National Institute of Economic Research (NIER) | Observatoire Français des Conjonctures économiques (OFCE) |
| NATIXIS | Österreichisches Institut für Wirtschaftsforschung (WIFO) |
| NCB Stockbrokers | P |
| Nordea Markets, Economic Research | Prometeia |
| S | R |
| Sampo Bank | Rabobank Nederland |
| SEB AG | The Research Institute of the Finnish Economy (ETLA) |
| Société Générale | Royal Bank of Scotland |
| STATEC | U |
| Swedbank's Economic Research Department | UniCredit Group |
| Université catholique de Louvain Institut de Recherches Economiques et Sociales (UCL-IRES) | |
| Z | |
| Zentralverband des Deutschen Handwerks (German Confederation of Skilled Crafts), ZDH | |
| Zentrum für Europäische Wirtschaftsforschung GmbH (Centre for European Economic Research), ZEW | |
| We also thank very much those participating institutions who wish to remain anonymous. | |
