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

Author

Listed:
  • de Bondt, Gabe
  • Morris, Richard
  • Roma, Moreno

Abstract

This box summarises the main findings from recent contacts between ECB staff and representatives of 79 leading non-financial companies operating in the euro area. According to these exchanges, which took place between 5 and 14 January 2026, business momentum and confidence had continued to improve in recent months, although the outlook was clouded by concerns surrounding the competitiveness of the euro area in the wake of changing global trade patterns. Employment growth and its outlook remained lacklustre. Price growth remained moderate overall and continued to be driven by growth in services prices. Firms continued to anticipate further wage moderation. JEL Classification: E2, E3, L2

Suggested Citation

  • de Bondt, Gabe & Morris, Richard & Roma, Moreno, 2026. "Main findings from the ECB’s recent contacts with non-financial companies," Economic Bulletin Boxes, European Central Bank, vol. 1.
    • Handle: RePEc:ecb:ecbbox:2026:0001:5
    Note: 337418
    as

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    File URL: https://www.ecb.europa.eu//press/economic-bulletin/focus/2026/html/ecb.ebbox202601_05~5c284c3de7.en.html
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    Keywords

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    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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