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

Author

Listed:
  • Elding, Catherine
  • Morris, Richard
  • Roma, Moreno

Abstract

This box summarises the findings of recent contacts between ECB staff and representatives of 62 leading non-financial companies operating in the euro area. According to these exchanges, which took place between 17 and 26 June 2024, aggregate activity continued to pick up in the second quarter, amid increasing signs of a modest, consumption-led recovery. The outlook for investment remained subdued, however, with uncertainty still high. Price growth was moderate and continued to be stronger in services than in industry. Wage growth was expected to slow further next year, while still compensating to some extent for past inflation. JEL Classification: E2, E3, L2

Suggested Citation

  • Elding, Catherine & Morris, Richard & Roma, Moreno, 2024. "Main findings from the ECB’s recent contacts with non-financial companies," Economic Bulletin Boxes, European Central Bank, vol. 5.
    • Handle: RePEc:ecb:ecbbox:2024:0005:4
    Note: 2322645
    as

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    File URL: https://www.ecb.europa.eu//press/economic-bulletin/focus/2024/html/ecb.ebbox202405_04~3491e302fa.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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