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Main findings from the ECB’s recent contacts with non-financial companies

Author

Listed:
  • Gareis, Johannes
  • Morris, Richard
  • Roma, Moreno

Abstract

This box summarises the main findings from contacts between ECB staff and representatives of 74 leading non-financial companies operating in the euro area. The exchanges mainly took place between 10 and 19 January 2022. According to these contacts, overall activity was strong or growing across a range of sectors. However, supply constraints were still limiting firms’ ability to meet demand and generating pipeline price pressures, on top of which businesses faced surging energy costs. Most contacts expected wage growth to pick up somewhat this year. Given the cost pressures and continued strong customer demand, most contacts reported increasing prices and a more dynamic pricing environment, especially in the industrial sector. JEL Classification: E2, E3, L2

Suggested Citation

  • Gareis, Johannes & Morris, Richard & Roma, Moreno, 2022. "Main findings from the ECB’s recent contacts with non-financial companies," Economic Bulletin Boxes, European Central Bank, vol. 1.
    • Handle: RePEc:ecb:ecbbox:2022:0001:6
    Note: 646140
    as

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    File URL: https://www.ecb.europa.eu//press/economic-bulletin/focus/2022/html/ecb.ebbox202201_06~bed83891a1.en.html
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    More about this item

    Keywords

    Activity; Business; Prices; Survey;
    All these keywords.

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior

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