Markets Actual Q3/26 Q4/26 Q1/27 Q2/27
Stock Market (points) 6548.30 6254 6035 5875 5720
Currency 1.15 1.16 1.16 1.17 1.18
Government Bond 10Y (%) 3.49 3.52 3.45 3.4 3.35

Overview Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Growth Rate (%) 0.40 0.1 0.2 0.3 0.3
GDP Annual Growth Rate (%) 1.00 0.6 0.7 0.8 1.1
Unemployment Rate (%) 6.30 6.3 6.3 6.4 6.4
Inflation Rate (%) 2.90 3.2 3.3 3.2 2.7
Inflation Rate MoM (%) 0.20 0.3 0.1 0.3 0.3
Interest Rate (%) 2.40 2.65 2.65 2.9 2.9
Balance of Trade (EUR Million) -7776.20 13000 11000 34000 5000
Current Account (EUR Billion) -6.19 36 32 29 28
Services PMI (points) 51.70 50.5 51 51.8 52
Manufacturing PMI (points) 51.90 50.1 50.4 50.7 51
Business Confidence (points) -0.19 -0.5 -0.6 -0.4 -0.4
Consumer Confidence (points) -15.90 -18 -19 -18 -17
Retail Sales MoM (%) -0.30 0.3 0.4 0.3 -0.3
Current Account to GDP (% of GDP) 1.70 1
Government Debt to GDP (% of GDP) 87.80 90.2
Government Budget (% of GDP) -2.90 -3.3

GDP Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Growth Rate (%) 0.40 0.1 0.2 0.3 0.3
GDP Annual Growth Rate (%) 1.00 0.6 0.7 0.8 1.1
GDP Constant Prices (EUR Billion) 3106.84 3106 3115 3118 3141
Gross Fixed Capital Formation (EUR Billion) 651.51 652 658 657 659
GDP (USD Billion) 18010.00 18172
GDP per Capita (USD) 38166.98 38510
GDP per Capita PPP (USD) 56676.73 57187
Full Year GDP Growth (%) 1.40 0.9

Labour Actual Q3/26 Q4/26 Q1/27 Q2/27
Unemployment Rate (%) 6.30 6.3 6.3 6.4 6.4
Employed Persons (Million ) 154.07 154 154 154 155
Unemployed Persons (Thousand) 11130.00 11900 12000 12010 11990
Long Term Unemployment Rate (%) 2.00 2 2 2.1 2.1
Youth Unemployment Rate (%) 14.80 14.8 14.8 14.9 14.9
Productivity (points) 104.32 104 104 103 104
Wages (EUR/Month) 2708.00 2719 2732 2784 2781
Wage Growth (%) 3.40 2.9 3 2.8 2.7
Negotiated Wage Growth (%) 2.46 2.6 2.7 2.6 2.5
Employment Change YoY (%) 0.50 0.4 0.4 0.4 0.3
Employment Change (%) 0.10 0 0.1 0.1 0.2
Population (Million) 353.16 352

Prices Actual Q3/26 Q4/26 Q1/27 Q2/27
Inflation Rate (%) 2.90 3.2 3.3 3.2 2.7
Inflation Rate MoM (%) 0.20 0.3 0.1 0.3 0.3
Consumer Price Index CPI (points) 103.22 104 104 105 106
Core Inflation Rate (%) 2.50 2.7 2.9 3.1 2.8
Core Consumer Prices (points) 102.84 104 104 105 106
GDP Deflator (points) 121.95 124 125 126 125
Producer Prices (points) 129.70 129 130 133 133
Producer Prices Change (%) 4.60 4 3.9 3.4 2.7
Food Inflation (%) 1.20 1.7 2.5 2.7 2.6
Inflation Expectations (%) 3.00 4 4.1 4.2 3.6
Energy Inflation (%) 10.00 15 14.7 12 10
Producer Price Inflation MoM (%) -0.30 0.5 0.3 0.2 0.3
CPI Housing Utilities (points) 102.90 103 104 105 106
CPI Transportation (points) 105.11 105 106 106 106

Money Actual Q3/26 Q4/26 Q1/27 Q2/27
Interest Rate (%) 2.40 2.65 2.65 2.9 2.9
Money Supply M2 (EUR Million) 16411005.00 16480000 16510000 16490000 16470000
Loans to Private Sector (EUR Million) 5466949.00 5440128 5478669 5528655 5609090
Deposit Interest Rate (%) 2.25 2.5 2.5 2.75 2.75
Loan Growth (%) 3.00 3 2.9 2.7 2.6
Lending Rate (%) 2.65 2.9 2.9 3.15 3.15

Trade Actual Q3/26 Q4/26 Q1/27 Q2/27
Balance of Trade (EUR Million) -7776.20 13000 11000 34000 5000
Current Account (EUR Billion) -6.19 36 32 29 28
Exports (EUR Million) 243624.10 256000 236000 288000 244000
Imports (EUR Million) 251400.30 243000 225000 254000 239000
Current Account to GDP (% of GDP) 1.70 1

Business Actual Q3/26 Q4/26 Q1/27 Q2/27
Services PMI (points) 51.70 50.5 51 51.8 52
Manufacturing PMI (points) 51.90 50.1 50.4 50.7 51
Business Confidence (points) -0.19 -0.5 -0.6 -0.4 -0.4
Composite PMI (points) 52.00 51 50.8 51.4 52
Industrial Production Mom (%) -0.20 -0.4 0.1 -0.2 0.5
Industrial Production (%) -1.20 -0.6 0.4 1.1 1.2
Manufacturing Production (%) -1.30 -2.8 -2.3 -1.6 -0.6
Capacity Utilization (%) 78.50 77.4 77.2 77.3 77.4
ZEW Economic Sentiment Index (points) 23.40 5 8 2 1
Car Registrations (Units) 816092.40 751500 762550 749400 736000
Industrial Sentiment (points) -6.10 -8 -9 -8 -7
Services Sentiment (points) 4.70 3 2 3 2

Consumer Actual Q3/26 Q4/26 Q1/27 Q2/27
Consumer Confidence (points) -15.90 -18 -19 -18 -17
Retail Sales MoM (%) -0.30 0.3 0.4 0.3 -0.3
Retail Sales YoY (%) 0.70 1.2 1.1 1.3 1.2
Consumer Spending (EUR Billion) 1647.69 1646 1655 1661 1666
Disposable Personal Income (EUR Million) 2483578.00 2445721 2468430 2503447 2510897
Personal Savings (%) 14.26 15 15.1 15.2 15.4
Bank Lending Rate (%) 3.96 4.21 4.21 4.46 4.46
Economic Optimism Index (points) 96.90 94.5 94 95 97
Consumer Credit (EUR Million) 839041.00 807870 818019 838566 848270

Housing Actual Q3/26 Q4/26 Q1/27 Q2/27
Construction Output (%) 1.20 -2 -2.1 -1.7 -1.4
Housing Index (points) 158.36 161 162 163 163
Construction PMI (points) 44.30 43 42 45 49

Government Actual Q3/26 Q4/26 Q1/27 Q2/27
Government Debt to GDP (% of GDP) 87.80 90.2
Government Budget (% of GDP) -2.90 -3.3
Government Spending to GDP (% of GDP) 49.80 50.5