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🧵 Our latest survey on the access to finance of enterprises shows business activity continued to recover between April 2022 and September 2022, despite surging energy and labour costs
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Firms anticipate a further decline in the availability of external financing and expect their internal funds to be insufficient to meet future financing needs. Future turnover expectations remain positive, but less so than in the past. Read the results https://www.ecb.europa.eu/stats/ecb_surveys/safe/html/ecb.safe202212~6bc3312ea1.en.html
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Financing needs increased, while the availability of external funds declined slightly. The net percentage of firms reporting tighter financing conditions reached historical highs
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🐦🔗: https://n.respublicae.eu/ecb/status/1600054824090804226