Bank of England reports AI-driven investment and data center demand

The Bank of England’s Agents have published a summary of business conditions ahead of the Monetary Policy Committee’s November meeting, describing modest growth, rising AI adoption, and continued support for manufacturing from data centers and energy infrastructure.

• AI deployment is moving from experimentation to scale across sectors, with firms reporting productivity gains, changing pricing models, and higher spend on software, cloud services, cyber security, governance and data infrastructure.
• Manufacturing and exports are supported by defence, aerospace, energy infrastructure and data centers; the report also notes the next publication date: 11 December 2026 and includes links to downloadable related contents.
• The page is an ASBC summary/report, not a new policy announcement, and it states that intelligence was gathered in the six weeks to early-October before the November MPC meeting.