[13]  In any case, innovation is changing the nature of production and employment, with digitalisation having already transformed how we do business. Automation, in particular, is replacing labour in certain jobs, particularly in manufacturing, but it has also raised demand for highly skilled professionals in other areas.
Inflation remains well below the levels consistent with the ECB definition of price stability: it has now been below 1 percent for almost three years and in the last few months it has turned negative once again.