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Selling price expectations of firms ‒ evidence from the SAFE

Author

Listed:
  • Ferrando, Annalisa
  • Munch Grønlund, Asger
  • Rariga, Judit

Abstract

According to the recent Survey on the Access to Finance of Enterprises (SAFE), conducted between 6 March and 14 April 2023, euro area firms expect their selling prices to increase on average by 6.1% over the next 12 months. Selling price increases are expected to be higher for firms in the retail sector than for those in the non-retail sector. Input costs (mainly related to materials and energy) and financing costs are important factors for all firms when setting future selling prices. For firms in both the retail and non-retail sectors, expected increases in selling prices are higher for firms that anticipate an increase in their turnover. Manufacturing firms with higher past producer price increases expect a smaller increase in future selling prices over the next 12 months. JEL Classification: D22, D84, E52

Suggested Citation

  • Ferrando, Annalisa & Munch Grønlund, Asger & Rariga, Judit, 2023. "Selling price expectations of firms ‒ evidence from the SAFE," Economic Bulletin Boxes, European Central Bank, vol. 4.
    • Handle: RePEc:ecb:ecbbox:2023:0004:5
    Note: 235236
    as

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    More about this item

    Keywords

    expectations; selling prices; survey data;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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