Due to energy shocks, producers in energy-intensive sectors substituted cheaper imports for domestic production in 2022. This change helped limit the negative impact of rising energy prices by maintaining the production of final products https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202301_02~8d6f1214ae.en.html #EconomicBulletin

🐦🔗: https://n.respublicae.eu/ecb/status/1625445587574263808