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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 participants to the Survey of Professional Forecasters are experts affiliated with financial or non-financial institutions based within the European Union.
Results are reported in the ECB’s Monthly Bulletin on a quarterly basis (i.e. in the February, May, August and November issues).
Sample questionnaire (last update: 4 February 2010)
Dates when the SPF has been conducted and published (last update: 3 May 2012)
In the context of the ten-year anniversary of the SPF’s launch in January 1999, the ECB sent a special questionnaire to the participants in the SPF in autumn 2008. The questionnaire contained questions on timeliness and methods of forecasting.
A summary of the results from the special questionnaire for participants of the SPF.The summary contains two annexes:
An overview of the results is also reported in the ECB’s Monthly Bulletin, April 2009 [1.94 MB].
| 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) | Bankia |
| C | Bank of America Merrill Lynch |
| la Caixa | Bank of Ireland Global Markets |
| Centro Europa Ricerche (CER) | Belgian Federal Planning Bureau |
| Chambre de Commerce et d'Industrie de Paris | BHF-BANK Aktiengesellschaft |
| Coe-Rexecode | BNP Paribas |
| Commerzbank AG | Bundesverband deutscher Banken (Association of German Banks), Berlin |
| Confederation of Danish Industry (DI) | D |
| Confederation of Swedish Enterprise (CSE) | Davy Economic Research |
| Confindustria | Deutsche Bank Research |
| CPB Netherlands Bureau for Economic Policy Analysis | Deutscher Industrie- und Handelskammertag e.V. (DIHK) |
| CPR Asset Management | Deutsches Institut für Wirtschaftsforschung e.V. (DIW Berlin) |
| Crédit Agricole SA | Dexia Bank |
| G | E |
| Goldman Sachs Economic Research | EFG Eurobank Ergasias S.A. |
| Goldman, Sachs & Co. OHG | EIPF, Ekonomski inštitut |
| I | European Forecasting Network (EFN) |
| Ifo Institute for Economic Research | H |
| IHS Global Insight | Hamburg Institute of International Economics (HWWI) |
| ING Belgium SA/NV | HSBC Bank plc |
| Institut für Höhere Studien (IHS) | K |
| Instituto Flores de Lemus | KBC Asset Management |
| Intermoney | KBC Bank Ireland |
| Intesa Sanpaolo | The Kiel Institute for the World Economy (IfW) |
| Istat | L |
| M | Labour Institute for Economic Research |
| Millennium Investment Banking Financial Markets Research | Lombard Street Research Ltd |
| N | O |
| National Bank of Greece | Observatoire Français des Conjonctures économiques (OFCE) |
| National Institute of Economic and Social Research | OP- Pohjola Group |
| National Institute of Economic Research (NIER) | Österreichisches Institut für Wirtschaftsforschung (WIFO) |
| NATIXIS | P |
| NCB Stockbrokers | Prometeia |
| Nordea Markets, Economic Research | R |
| S | Rabobank Nederland |
| Sampo Bank | The Research Institute of the Finnish Economy (ETLA) |
| SEB AG | Royal Bank of Scotland |
| Société Générale | Rheinisch-Westfälisches Institut für Wirtschaftsforschung e.V. (RWI) |
| STATEC | U |
| Swedbank's Economic Research Department | UniCredit Group |
| T | Université catholique de Louvain Institut de Recherches Economiques et Sociales (UCL-IRES) |
| Thierry Apoteker Consulting (TAC) | Z |
| Zentralverband des Deutschen Handwerks (German Confederation of Skilled Crafts), ZDH | |
| Zentrum für Europäische Wirtschaftsforschung GmbH (Centre for European Economic Research), ZEW | |
Other participants to the SPF remain anonymous
