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

Author

Listed:
  • de Bondt, Gabe
  • Kuik, Friderike
  • Morris, Richard

Abstract

This box summarises the findings of recent contacts between ECB staff and representatives of 70 leading non-financial companies operating in the euro area. According to these exchanges, which took place between 2 and 10 January 2024, aggregate activity is likely to have stagnated or contracted slightly in the fourth quarter of 2023 and was expected to remain stable or grow only very modestly in the first quarter of 2024. Widespread uncertainty was said to be holding back recovery and the employment outlook deteriorating. Growth in selling prices remained moderate in the fourth quarter of 2023, with some further moderation expected in the short term amid stable or declining non-labour costs and an anticipated easing of wage growth. JEL Classification: E2, E3, L2

Suggested Citation

  • de Bondt, Gabe & Kuik, Friderike & Morris, Richard, 2024. "Main findings from the ECB’s recent contacts with non-financial companies," Economic Bulletin Boxes, European Central Bank, vol. 1.
    • Handle: RePEc:ecb:ecbbox:2024:0001:3
    Note: 337418
    as

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    File URL: https://www.ecb.europa.eu//press/economic-bulletin/focus/2024/html/ecb.ebbox202401_03~d1317588c9.en.html
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    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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