Live Updates > Live Update Details
2025-10-31 17:43:31
[AI Surge Fails to Save Eurozone: Overall Economic Conditions Show Only "Slight Improvement," Consumption Like a Power Cut] ⑴ The European Central Bank's business survey on Friday showed that the overall economic situation in the Eurozone has only "slightly improved," with growth rates negligible. ⑵ The AI sector is booming, with software, database, and cloud orders surging year-on-year. The financial and public sectors are spending the most, and traditional consulting firms are being disrupted by algorithms, leading to layoffs. ⑶ Manufacturing output continues to shrink, hit by a triple whammy of tariffs, global demand uncertainty, and declining competitiveness. Businesses say they "have no bottom in the short term." ⑷ Consumer spending remains weak. Home appliances and electronics are barely showing positive growth due to the replacement cycle, while the summer peak season for tourism and hotels has passed, and prices have returned to normal. ⑸ The job market is stagnant, wage growth has turned downwards, and business expansion intentions are locked in by uncertainty, leading to a downward revision of labor cost expectations.
