Markets Actual Q1/26 Q2/26 Q3/26 Q4/26
Stock Market (points) 5986.40 5842 5627 5472 5322
Currency 1.18 1.19 1.2 1.21 1.22
Government Bond 10Y (%) 3.22 3.14 3.08 3.03 2.98

Overview Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 0.30 0.3 0.4 0.4 0.3
GDP Annual Growth Rate (%) 1.30 1.2 1.1 1.2 1.4
Unemployment Rate (%) 6.20 6.2 6.2 6.1 6.1
Inflation Rate (%) 1.70 1.9 2.1 2 1.8
Inflation Rate MoM (%) -0.50 0.3 0.2 0.3 0.1
Interest Rate (%) 2.15 2.15 2.15 2.15 2.15
Balance of Trade (EUR Million) 9895.90 35000 5000 7000 10000
Current Account (EUR Billion) 12.57 32 32 36 32
Manufacturing PMI (points) 49.50 51.5 52.3 51.9 51.5
Services PMI (points) 51.60 50.9 51.6 51.5 51.4
Business Confidence (points) -0.39 -1 -0.8 -0.6 -0.5
Retail Sales MoM (%) 0.20 0.4 -0.4 0.3 0.4
Consumer Confidence (points) -12.40 -13 -14 -13 -16
Current Account to GDP (% of GDP) 2.70 2.5
Government Debt to GDP (% of GDP) 87.10 88.1
Government Budget (% of GDP) -3.10 -3.3

GDP Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 0.30 0.3 0.4 0.4 0.3
GDP Annual Growth Rate (%) 1.30 1.2 1.1 1.2 1.4
GDP Constant Prices (EUR Billion) 3082.15 3096 3097 3109 3125
Gross Fixed Capital Formation (EUR Billion) 643.11 655 644 651 652
GDP (USD Billion) 16406.13 16603
GDP per Capita (USD) 38145.12 38603
GDP per Capita PPP (USD) 56326.23 57002
Full Year GDP Growth (%) 1.50 1.2

Labour Actual Q1/26 Q2/26 Q3/26 Q4/26
Unemployment Rate (%) 6.20 6.2 6.2 6.1 6.1
Unemployed Persons (Thousand) 10792.00 10780 10500 10710 10850
Employed Persons (Million ) 153.73 154 154 155 155
Long Term Unemployment Rate (%) 2.00 2 2 1.9 1.9
Youth Unemployment Rate (%) 14.30 14.3 14.3 14.2 14.2
Productivity (points) 104.10 104 105 105 105
Wages (EUR/Month) 2621.00 2668 2679 2681 2673
Wage Growth (%) 3.00 2.6 2.2 2.3 2
Negotiated Wage Growth (%) 1.87 2.3 1.7 1.8 1.5
Employment Change YoY (%) 0.60 0.3 0.7 1.1 0.9
Employment Change (%) 0.20 0.3 0.2 0.2 0.2
Population (Million) 351.38 352

Prices Actual Q1/26 Q2/26 Q3/26 Q4/26
Inflation Rate (%) 1.70 1.9 2.1 2 1.8
Inflation Rate MoM (%) -0.50 0.3 0.2 0.3 0.1
Consumer Price Index CPI (points) 100.08 101 102 103 102
Core Inflation Rate (%) 2.20 2.2 2 1.9 1.8
Core Consumer Prices (points) 123.08 124 125 125 125
GDP Deflator (points) 120.44 121 122 123 123
Producer Prices (points) 124.50 128 126 126 127
Producer Prices Change (%) -2.10 1.1 1.5 2.1 1.9
Food Inflation (%) 2.50 2.7 2 2.2 2.4
Inflation Expectations (%) 2.80 3.2 3 2.7 2.5
Energy Inflation (%) -1.90 1.5 1.9 2.5 1.7
Producer Price Inflation MoM (%) -0.30 0.3 0.4 0.4 0.2
CPI Housing Utilities (points) 135.23 138 137 137 138
CPI Transportation (points) 128.97 129 130 130 130

Money Actual Q1/26 Q2/26 Q3/26 Q4/26
Interest Rate (%) 2.15 2.15 2.15 2.15 2.15
Money Supply M2 (EUR Million) 16073522.00 15550000 15510000 15480000 15710000
Loans to Private Sector (EUR Million) 5324307.00 5375723 5380822 5404577 5436117
Deposit Interest Rate (%) 2.00 2 2 2 2
Loan Growth (%) 3.00 2.9 2.5 2.3 2.1
Lending Rate (%) 2.40 2.4 2.4 2.4 2.4

Trade Actual Q1/26 Q2/26 Q3/26 Q4/26
Balance of Trade (EUR Million) 9895.90 35000 5000 7000 10000
Current Account (EUR Billion) 12.57 32 32 36 32
Imports (EUR Million) 230273.20 249000 234000 233000 220000
Exports (EUR Million) 240169.00 284000 239000 240000 230000
Current Account to GDP (% of GDP) 2.70 2.5

Business Actual Q1/26 Q2/26 Q3/26 Q4/26
Manufacturing PMI (points) 49.50 51.5 52.3 51.9 51.5
Services PMI (points) 51.60 50.9 51.6 51.5 51.4
Business Confidence (points) -0.39 -1 -0.8 -0.6 -0.5
Composite PMI (points) 51.30 52 51.9 51.6 51
Industrial Production (%) 2.50 0.5 1.4 1.6 1.2
Industrial Production Mom (%) 0.70 0.5 0.4 0.4 0.4
Manufacturing Production (%) 2.40 0.1 2 1.8 1.7
Capacity Utilization (%) 78.20 78.1 78.4 78.6 79
ZEW Economic Sentiment Index (points) 40.80 12 9 5 8
Car Registrations (Units) 759161.00 745400 727000 751500 762550
Industrial Sentiment (points) -6.80 -6.7 -7 -8 -6
Services Sentiment (points) 7.20 3 -2 1 5

Consumer Actual Q1/26 Q2/26 Q3/26 Q4/26
Retail Sales MoM (%) 0.20 0.4 -0.4 0.3 0.4
Consumer Confidence (points) -12.40 -13 -14 -13 -16
Retail Sales YoY (%) 2.30 1.4 0.9 1.2 1.1
Consumer Spending (EUR Billion) 1623.33 1636 1639 1643 1646
Disposable Personal Income (EUR Million) 2433201.00 2426994 2448532 2462399 2467266
Personal Savings (%) 15.11 14.6 14.5 14.4 14.2
Bank Lending Rate (%) 3.70 3.7 3.7 3.7 3.7
Economic Optimism Index (points) 99.40 99.5 98.9 97.5 97
Consumer Credit (EUR Million) 812223.00 794119 802574 812737 823594

Housing Actual Q1/26 Q2/26 Q3/26 Q4/26
Construction Output (%) -0.80 1.2 1.5 2 1.1
Housing Index (points) 155.29 153 156 158 158
Construction PMI (points) 47.40 49.9 50 50.5 50.9

Government Actual Q1/26 Q2/26 Q3/26 Q4/26
Government Debt to GDP (% of GDP) 87.10 88.1
Government Budget (% of GDP) -3.10 -3.3
Government Spending to GDP (% of GDP) 49.50 50.2