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Italy’s monthly jobless rate fell to 5.9% in April, below the 6.1% forecast and down from 6.1% in March, highlighting improving labor market conditions.

HCOB reports the Eurozone Manufacturing PMI at 49.4 in May, above the 48.4 forecast and up from 49.0 in April, indicating a continued but narrowing contraction in factory activity.

Germany’s HCOB Manufacturing PMI fell to 48.3 in May, below the 48.8 forecast and down from April’s 48.4, underscoring continued factory‐sector contraction.

France’s HCOB Manufacturing PMI rose to 49.8 in May, above the 49.5 forecast and up from April’s 48.7, signalling a further narrowing of factory-sector contraction.

Italy’s HCOB Manufacturing PMI fell to 49.2 in May, below the 49.5 forecast and down from April’s 49.3, signalling continued contraction in the factory sector.

Switzerland’s procure.ch Manufacturing PMI fell to 42.1 in May, well below the 48.1 forecast and down from April’s 45.8, signalling a sharp contraction in factory activity and weaker new orders amid subdued demand.

HCOB Spain’s Manufacturing PMI surged to 50.5 in May, well above the 48.3 forecast and up from April’s 48.1, marking a return to expansion territory as new orders and output strengthened.

Swiss GDP grew 0.5% quarter-on-quarter in Q1, above the 0.4% forecast and up from 0.3% in Q4. On a year-on-year basis, output rose 2.0%, beating the 1.5% estimate and improving from 1.6%, highlighting stronger economic momentum.

French producer prices fell 4.3% month-on-month in April, well below the –0.5% forecast and marking one of the steepest monthly declines on record. On a year-on-year basis, PPI dropped 0.8%, deeper than the –0.2% estimate, underscoring intensifying deflationary pressures in the French wholesale sector.

France’s GDP grew 0.1% quarter-on-quarter in Q1, matching forecasts and reversing a 0.1% contraction in Q4, while year-on-year growth held at 0.6%, below the 0.8% consensus but unchanged from the prior quarter. Consumer spending rose 0.3% month-on-month in April, missing the 0.8% forecast yet rebounding sharply from March’s 1.1% decline.

GfK reports its consumer climate index at –19.9 for June, matching the consensus and improving from –20.8 in May, signalling a slight easing of household pessimism as summer approaches.

HCOB’s Eurozone Manufacturing PMI came in at 48.4, below the 49.2 consensus and down from April’s 49.0, signalling ongoing factory sector contraction. The Composite PMI dipped to 49.5, under the 50.7 forecast and down from 50.4, indicating a renewed overall downturn across the economy. Services PMI eased to 48.9, missing the 50.4 estimate and slipping from 50.1, highlighting weakening growth in the service sector.