Italy Q1 preliminary GDP +0.2% vs +0.1% q/q expected

Italy's preliminary Q1 GDP from Istat came in at +0.2% quarter-on-quarter, beating the +0.1% consensus and down from a prior +0.3%. The modest upside surprise is likely to be a small positive for the euro and European equity benchmarks (e.g., Europe 50), but the beat is slight and unlikely to dramatically alter market positioning or ECB expectations on its own. Data released 30 April 2026; further detail may follow.