Euro zone firms see modest growth, with AI sector booming By Investing.com
Update: 2025-10-31
Description
European Central Bank's latest survey reveals a modest uptick in overall business conditions across the euro zone, with the AI sector leading the growth. Despite tariffs and trade challenges, companies are investing heavily in digital technology, particularly cloud computing and databases for AI projects. Banks and the public sector are driving this investment boom, disrupting traditional consultancy businesses. However, manufacturers continue to face headwinds, while construction and tourism sectors show signs of recovery. Despite the tech push, machine spending and job growth remain sluggish, with wages and prices stabilizing. The momentum is centered on technology, particularly AI, rather than a broad-based recovery.
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