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

Gwenaël Le Breton, Richard Morris and Lina Segers

Economic Bulletin Boxes, 2022, vol. 3

Abstract: This box summarises the main findings from contacts between ECB staff and representatives of 67 leading non-financial companies operating in the euro area. The exchanges mainly took place between 20 and 30 March 2022. According to these contacts, overall activity developed positively in the first months of the year, despite ongoing supply constraints as well as cost and price pressures. The war in Ukraine added further disruption to businesses, mainly in the form of further price increases for energy and raw materials, much of which would be passed through to selling prices, as well as shortages resulting in reduced production in some sectors. Overall, contacts expected growth to slow in the coming months, as higher inflation would reduce disposable income and final consumer demand, while uncertainty and downside risks were substantial. JEL Classification: E2, E3, L2

Keywords: Activity; Business; Prices; Survey (search for similar items in EconPapers)
Date: 2022-04
Note: 1332996
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbbox:2022:0003:2

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