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According to Eurostat, on a seasonally adjusted basis, Eurozone GDP in 1Q26 rose 0.1% QoQ (up 0.2% in 4Q25); and increased 0.8% YoY (up 1.3% in 4Q25). Both figures were unchanged from the preliminary estimates and in line with market expectations. (su/a) AASTOCKS Financial News

- In the first quarter of 2026, the Eurozone's GDP experienced a sequential increase of 0.1%.  
- Year-on-year, the GDP grew by 0.8%, reflecting a decline from 1.3% in the previous quarter.  
- These figures align with preliminary estimates and meet market expectations, according to data from Eurostat.

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Ossiam Euro STOXX 50 Equal Weight NR UCITS ETF -1C-EUR

RBS Market Access SICAV - RBS Market Access Leveraged FTSE MIB Monthly Index ETF Capitalisation

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Eurozone 1Q26 GDP Rises 0.1% QoQ, In Line

Italy's industrial output rose 0.7% in March, surpassing forecasts of 0.2%, despite increased energy costs from Middle East tensions. However, there was a 0.2% decline in output for the first quarter compared to the previous three months. This data provides some relief for Meloni's government, which had previously lowered growth projections due to economic pressures from the ongoing war.

- Industrial output increased by 0.7% in March, surpassing expectations of 0.2% despite escalating energy costs from Middle East tensions.  
- However, there was a quarterly decline of 0.2% in output compared to the previous three months.  
- This data serves as slight encouragement for Meloni's government following revised lower growth projections amidst economic challenges driven by the war.

Italy's industrial output beats forecasts despite war pressures

Italy's April services PMI rose to 49.8, surpassing the expected 47.6, while the prior was 48.8. The Composite PMI increased to 50.5 from 49.2. Key findings indicate stable activity levels, renewed growth in new business despite a decline in export sales, and intensified cost pressures. Economist Eleanor Dennison noted that uncertainty from the Middle East conflict is impacting the service sector, with firms struggling to pass on costs to customers, potentially affecting the labor market and investment if this trend continues.

- The composite PMI rose to 50.5, up from 49.2, indicating stable activity levels despite a significant drop in export sales.  
- Cost pressures are increasing while inflation in fees is slowing down, reflecting difficulties in passing these costs onto customers.  
- According to S&P Global economist Eleanor Dennison, uncertainties from the Middle East conflict are impacting the Italian services sector, leading to concerns over prolonged profit compression affecting the labor market and investment outcomes.

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Italy April services PMI 49.8 vs 47.6 expected

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European stock markets saw significant declines, with the Italian FTSE MIB index dropping by 1% during the day. According to ChainCatcher, the French CAC 40 index also fell below the 8,000-point mark, experiencing a daily decrease of 1.42%. These movements reflect ongoing volatility in European financial markets.

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European Stock Indices Experience Notable Declines

Cost pressures in Italy's manufacturing sector reached a four-year high in April, driven by Middle East conflict, with input cost inflation rising to 75.4. The PMI rose to 52.1, indicating growth, but delivery delays and cost inflation worsened. Consumer price inflation hit 2.9%, and the government revised its economic growth outlook down to 0.6% for this year and next, forecasting six years of sub-1% growth.

- In April, Italy's manufacturing sector experienced the highest level of cost pressures in nearly four years due to the ongoing conflict in the Middle East.  
- Input cost inflation, as indicated by the Italian HCOB Manufacturing Purchasing Managers' Index, rose to 75.4 from 69.0 in March.  
- This marks the highest reading since May 2022, reflecting significant inflationary pressures in the industry.

Italian manufacturing cost pressures at 4-year high in April, PMI shows

Italy April manufacturing PMI 52.1 vs 51.9 expected

Italy's GDP rose by 0.2% in Q1 2026 compared to the previous quarter and by 0.7% year-on-year, according to Istat's preliminary estimates. The growth was driven by an increase in value added in services, while agriculture, forestry, fishing, and industry saw a decline.

- Italy's Gross Domestic Product (GDP) increased by 0.2% in the first quarter of 2026 compared to the previous quarter and by 0.7% compared to the same period in 2025.  
- The quarter-on-quarter change in GDP was driven by an increase in value added from services, while agriculture, forestry, fishing, and industry showed a decline.  
- These preliminary estimates were released by Istat, reflecting significant sectors contributing to Italy's economic performance.

Italy's GDP rose 0.2% in first quarter, says Istat

Prior +1.7%HICP +2.9% vs +2.5% y/y expectedPrior +1.6%More to come..

Italy April preliminary CPI +2.8% vs +2.6% y/y expected

Italy's economy grew by 0.2% in Q1 2026, slightly above expectations, following a 0.3% rise in Q4 2025. Year-on-year, GDP expanded by 0.7%. The growth was driven by trade, despite a decline in domestic demand. The government revised its growth outlook down to 0.6% for this year and next, citing rising energy prices and geopolitical tensions. The conflict in the Middle East is expected to impact future growth, with a forecast of 0.5% "acquired growth" for the year.

- The Italian economy experienced a quarterly growth of 0.2% in the first quarter of 2026, surpassing expectations.  
- This follows a 0.3% increase in the previous quarter, indicating ongoing economic resilience.  
- However, uncertainties due to turmoil in the Middle East may impact future economic prospects.

Thomson Reuters

Italy ekes out modest growth in Q1 as risks loom ahead

Italy's unemployment rate for March was reported at 5.2%, according to Jin10. This figure is slightly below the anticipated rate of 5.3%. The previous value was revised from 5.30% to 5.4%.

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