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Chairman flags nearly 20% April growth in AI-related CapEx and warns of uncertain supply-side effects
Summary
The chairman highlighted strong business investment and AI-related capital expenditures—citing April growth rates near 20%—and said the timing and magnitude of supply-side effects on inflation remain hard to predict.
The chairman said business investment has been "strong" and that the surge in high-tech and AI-related capital expenditure is "remarkable," with recent data showing April growth rates "of nearly 20%" for AI-related equipment and software.
He said that investment is helping sustain manufacturing output and preparing the ground for future growth, but cautioned that the precise timing and magnitude of supply-side effects on prices remain uncertain. "Nonetheless, the precise timing and magnitude of effects on the supply side remain hard to predict," he said.
Provenance: topicintro SEG 090, topfinish SEG 103.
