ECB's SAFE survey predicts slowdown in growth in selling prices and non-labor cost
According to the European Central Bank’s (ECB) Survey on the Access to Finance of Enterprises (SAFE), more than 5,000 firms that participated have downplayed expectations for an increase in selling prices. The survey showed that selling prices growth expectations have cooled down to 3.2% Year-on-Year (YoY), down from 3.5% anticipated in the previous survey.
Other findings were:
Growth in non-labour input costs, including energy, is projected to rise by 5.2% YoY, down from
the previous expectations of 5.8%.
Inflation expectations at the one, three and five-year horizons remained largely stable.
Firms expect lower increases in selling prices, non-labour input costs and wage expectations.
Middle East war forcing firms to seek alternative suppliers, improve energy efficiency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dow Jones Industrial Average gives back Friday's rally on a Boeing delay
ECB rate hike expectations cool down, Lagarde: Rising long-term rates will suppress growth and inflation
Christine Lagarde, President of the European Central Bank, stated that a significant rise in long-term interest rates will slow economic growth and suppress the transmission of energy prices to overall inflation, exceeding the extent forecasted by the ECB in September. She also emphasized that in the absence of signs of second-round effects, the ECB should adopt "moderate response measures" to control inflation. As a result, the market’s expectation of an ECB rate hike in October has dropped to less than 40%.
BitMine stock trades near golden cross as Ethereum holdings approach 5%
Chainlink’s CCIP upgrade adds extra security layers after $292M hack
Crypto prices
More
