Eurozone, Asian factories show resilience despite energy challenges - Daily Sabah

Factory activity across Europe and Asia showed signs of resilience and remained firm last ⁠month, driven partly by the global ⁠AI spending boom, even as the energy price shock from the Iran war kept inflation elevated, surveys showed on Thursday. Rising inflation pressures across the globe have pushed several central ​banks, including the Federal Reserve (Fed) and European Central Bank (ECB) to start hiking ​interest ⁠rates with more increases expected. This has contributed to a sharp sell-off in bond markets, pushing up borrowing costs for firms already hit by increased production costs. However, surveys show that, for now, many factories are reaping the benefit of a surge in demand for their products.