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The ECB s dialogue with non-financial companies

The ECB’s dialogue with non-financial companies Prepared by Catherine Elding, Richard Morris and Michal Slavik As part of the process of gathering information on the outlook for economic activity and prices, the ECB maintains regular contacts with non‑financial companies. This gathering of business intelligence has become more structured over time and tends to be particularly valuable during exceptional periods, such as those resulting from the coronavirus (COVID-19) pandemic. Therefore, starting with this issue of the Economic Bulletin, the ECB will provide a summary of the main findings from its contacts with leading euro area businesses. This article explains how these interactions contribute to the ECB’s economic analysis and how they are organised and summarised. The main findings from the most recent exchanges with companies, which took place in early January 2021, are summarised in Box 1.

Central Bank of Ireland (via Public) / Press release: Central Bank publishes research on consumer expectations and behaviours and their effects on economic outcomes

12/15/2020 | Press release | Distributed by Public on 12/15/2020 05:16 Press release: Central Bank publishes research on consumer expectations and behaviours and their effects on economic outcomes Press release: Central Bank publishes research on consumer expectations and behaviours and their effects on economic outcomes 15 December 2020Press Release Consumption fell less severely in October than March following increased containment measures, with both periods showing a substantial reallocation of spending from outside to inside the home While forced saving during the pandemic could support future spending, savings were larger for higher income households and so may be spent more slowly as a result Confidence in the economy, food and energy prices, expected labour market conditions (for firms), and past economic situation (for consumers) have a strong influence on inflation expectations

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