From: European firm adjustment during times of economic crisis
Weak demand | Strong demand + weak credit shock | Strong demand + strong credit shock | |
---|---|---|---|
All sectors | |||
Reduce prices | 31.5 | 41.7 | 50.3 |
Reduce margins | 37.0 | 46.2 | 62.2 |
Reduce output | 21.3 | 61.9 | 66.8 |
Reduce costs | 66.5 | 77.8 | 93.8 |
Manufacturing | |||
Reduce prices | 34.6 | 37.4 | 48.1 |
Reduce margins | 38.7 | 44.5 | 63.7 |
Reduce output | 36.1 | 74.6 | 76.8 |
Reduce costs | 68.0 | 77.1 | 95.3 |
Trade | |||
Reduce prices | 37.1 | 48.1 | 60.4 |
Reduce margins | 46.5 | 55.4 | 75.2 |
Reduce output | 15.6 | 34.6 | 43.7 |
Reduce costs | 78.4 | 86.6 | 96.1 |
Market Services | |||
Reduce prices | 25.6 | 48.1 | 50.9 |
Reduce margins | 30.9 | 45.3 | 54.1 |
Reduce output | 10.8 | 47.4 | 51.4 |
Reduce costs | 58.7 | 74.1 | 86.8 |