IDEAS home Printed from https://ideas.repec.org/a/ecb/ecbbox/202600055.html

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

Author

Listed:
  • Elding, Catherine
  • Morris, Richard
  • Riedel, Zsuzsanna
  • Roma, Moreno

Abstract

This box summarises the main findings from recent contacts between ECB staff and representatives of 76 leading non-financial companies operating in the euro area. According to these exchanges, which mainly took place between 22 June and 1 July 2026, activity continued to grow moderately in the second quarter with similar momentum expected for the third quarter. While the war in the Middle East was weighing on consumer spending somewhat, the overall impact on activity seemed limited as some firms benefited from less competition and precautionary stockbuilding. Employment dynamics were rather subdued, with many firms in cost-cutting mode. Selling prices rose more quickly in the second quarter, reflecting the pass-through from rising oil prices caused by the Middle East conflict. The acceleration was less than anticipated in the previous survey round, however, with some slowing expected ahead. Contacts continued to anticipate moderating wage growth. JEL Classification: E2, E3, L2

Suggested Citation

  • Elding, Catherine & Morris, Richard & Riedel, Zsuzsanna & Roma, Moreno, 2026. "Main findings from the ECB’s recent contacts with non-financial companies," Economic Bulletin Boxes, European Central Bank, vol. 5.
    • Handle: RePEc:ecb:ecbbox:2026:0005:5
    Note: 2322645
    as

    Download full text from publisher

    File URL: https://www.ecb.europa.eu//press/economic-bulletin/focus/2026/html/ecb.ebbox202605_05~8c25c55b38.en.html
    Download Restriction: no
    ---><---

    More about this item

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecb:ecbbox:2026:0005:5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Official Publications (email available below). General contact details of provider: https://edirc.repec.org/data/emieude.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.