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Euro zone firms see deteriorating profits, ECB survey shows

BY Reuters | ECONOMIC | 02/02/26 04:08 AM EST

FRANKFURT, Feb 2 (Reuters) - Euro zone firms expect revenues to keep rising this quarter but ?profitability is taking a hit, ?the European Central Bank's quarterly ?Survey on the ?Access to ?Finance of Enterprises showed on ?Monday.

A net 18% ?of surveyed firms remained optimistic about turnover ?developments in ?the ?next quarter but a net 10% of them are ?reporting lower profits, the ECB said in a statement.

On prices, firms' expectations did not change ?much. ?They expected their selling prices to rise by ?2.9% on average over the next 12 months, the same as three months earlier, while inflation expectations for ?the year ahead rose to 2.6% from 2.5%.

(Reporting by Balazs ?Koranyi, Editing by Aidan Lewis)

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