[REVISION HISTORY]

Eurozone economic performance 2026

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2026-07-30 10:25 UTC → 2026-07-30 14:21 UTC · added ~~removed~~

In April‑May 2026, Eurostat reported a modest rise in seasonally adjusted services production across the euro area, led by Belgium, Greece and Bulgaria, while real‑estate and administrative services fell. Italy’s industrial output slipped 0.3% in May, ending a three‑month upswing, with energy and transport equipment manufacturing posting the only notable gains. By the end of July, a preliminary flash estimate showed the eurozone’s gross domestic product expanding 0.4% quarter‑on‑quarter in Q2 2026, outpacing forecasts. Year‑on‑year growth accelerated to 1.0%, driven by strong business investment in artificial intelligence, continued government spending and resilient household consumption. The ~~report noted that the~~ expansion arrived after a period of elevated energy costs linked to Iran’s retaliatory strikes and a temporary closure of the Strait of Hormuz, which had pushed Brent crude above $100 per barrel. Unemployment remained steady at 6.3%. ~~Together,~~ The flash estimate also detailed that Germany, France and Italy each posted 0.2% growth, Spain 0.7%, the ~~snapshots illustrate a transition from modest sector‑level fluctuations in services~~ Netherlands 0.4% and ~~industry to broader macro‑economic growth bolstered by AI investment, even as energy‑price shocks persisted.~~ Ireland a notable 3.9% rise. The data will feed into the European Central Bank’s policy deliberations ahead of its September 10 meeting.

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