🧵Our latest survey shows that firms’ turnover continued to recover in Q4 2022 and Q1 2023, despite rising labour costs and higher costs of production.
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Financing needs increased only modestly, while the availability of external funds deteriorated slightly. The net percentage of firms reporting tighter price terms and conditions for bank loans reached a historical high.
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Firms expect a decline in the availability of external financing but an improvement in the availability of internal funds. Turnover expectations remain positive. Read the results https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230607~7b025e4c73.en.html
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