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

Author

Listed:
  • Maruhn, Franziska
  • Morris, Richard
  • Slavík, Michal

Abstract

This box summarises the findings of recent contacts between ECB staff and representatives of 82 leading non-financial companies operating in the euro area. According to these exchanges, which took place between 6 and 14 January 2025, business momentum remained subdued at the turn of the year as confidence in the manufacturing sector remained low, while services activity was more resilient. Price growth was moderate but had picked up slightly, mainly on account of rising energy and transport prices. Wage growth was expected to slow further both this year and next. JEL Classification: E2, E3, L2

Suggested Citation

  • Maruhn, Franziska & Morris, Richard & Slavík, Michal, 2025. "Main findings from the ECB’s recent contacts with non-financial companies," Economic Bulletin Boxes, European Central Bank, vol. 1.
    • Handle: RePEc:ecb:ecbbox:2025:0001:5
    Note: 646140
    as

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    File URL: https://www.ecb.europa.eu//press/economic-bulletin/focus/2025/html/ecb.ebbox202501_05~d09a1f7144.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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