Eurozone firms see continued margin pressures, according to ECB survey

Eurozone firms expect their turnover to keep rising this quarter but their margins remain under pressure with wage growth outpacing selling price increases, the European Central Bank said in a quarterly survey on Thursday.

Eurozone economic growth has been hovering just above zero for more than a year now and firms, which enjoyed unusually high margins in recent years, are now seeing a significant fall in these margins, fuelling fears they will start reducing headcount.

“The...