Markets Actual Q1/26 Q2/26 Q3/26 Q4/26
Stock Market (points) 5749.00 5688 5404 5254 5108
Currency 1.15 1.14 1.16 1.16 1.17
Government Bond 10Y (%) 3.30 3.35 3.27 3.23 3.19

Overview Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 0.20 0.3 0.4 0.4 0.3
GDP Annual Growth Rate (%) 1.20 1.2 1.1 1.2 1.4
Unemployment Rate (%) 6.10 6.2 6.2 6.1 6.1
Inflation Rate (%) 1.90 2.2 2.1 2 1.8
Inflation Rate MoM (%) 0.60 0.9 0.2 0.3 0.1
Interest Rate (%) 2.15 2.15 2.15 2.15 2.15
Balance of Trade (EUR Million) 12624.50 35000 5000 7000 10000
Current Account (EUR Billion) 34.58 32 32 36 32
Manufacturing PMI (points) 50.80 51.5 52.3 51.9 51.5
Services PMI (points) 51.90 52 51.6 51.5 51.4
Business Confidence (points) -0.36 -0.5 -0.8 -0.6 -0.5
Retail Sales MoM (%) -0.10 0.4 -0.4 0.3 0.4
Consumer Confidence (points) -12.20 -16 -14 -13 -16
Current Account to GDP (% of GDP) 1.60 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 (%) 0.20 0.3 0.4 0.4 0.3
GDP Annual Growth Rate (%) 1.20 1.2 1.1 1.2 1.4
GDP Constant Prices (EUR Billion) 3095.40 3112 3114 3126 3139
Gross Fixed Capital Formation (EUR Billion) 650.62 656 646 654 660
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 (%) 1.40 1.2

Labour Actual Q1/26 Q2/26 Q3/26 Q4/26
Unemployment Rate (%) 6.10 6.2 6.2 6.1 6.1
Employed Persons (Million ) 153.98 154 155 155 155
Unemployed Persons (Thousand) 10770.00 10780 10500 10710 10850
Long Term Unemployment Rate (%) 2.00 2.1 2.1 2 2
Youth Unemployment Rate (%) 14.80 14.9 14.9 14.8 14.8
Productivity (points) 104.09 104 105 105 105
Wages (EUR/Month) 2654.00 2670 2684 2715 2707
Wage Growth (%) 3.00 2.6 2.2 2.3 2
Employment Change YoY (%) 0.70 0.6 0.7 1.1 0.9
Negotiated Wage Growth (%) 2.95 2.7 2.5 2.3 2.2
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 (%) 1.90 2.2 2.1 2 1.8
Inflation Rate MoM (%) 0.60 0.9 0.2 0.3 0.1
Consumer Price Index CPI (points) 100.71 102 102 103 102
Core Inflation Rate (%) 2.40 2.3 2.1 2 2
Core Consumer Prices (points) 100.56 101 103 103 103
GDP Deflator (points) 121.70 122 122 123 124
Producer Prices (points) 125.60 124 124 125 127
Producer Prices Change (%) -2.10 -1.6 -0.3 1.1 1.7
Food Inflation (%) 2.40 2.3 2.3 2.2 2.4
Producer Price Inflation MoM (%) 0.70 0.3 0.4 0.4 0.2
Energy Inflation (%) -3.10 -0.7 1.2 1.5 1.7
Inflation Expectations (%) 2.60 2.9 3 2.7 2.5
CPI Housing Utilities (points) 101.04 103 102 102 102
CPI Transportation (points) 100.64 102 102 102 102

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) 16204710.00 16150000 16320000 16480000 16710000
Loans to Private Sector (EUR Million) 5340351.00 5375602 5381302 5403482 5451501
Loan Growth (%) 3.00 2.9 2.5 2.3 2.4
Lending Rate (%) 2.40 2.4 2.4 2.4 2.4
Deposit Interest Rate (%) 2.00 2 2 2 2

Trade Actual Q1/26 Q2/26 Q3/26 Q4/26
Balance of Trade (EUR Million) 12624.50 35000 5000 7000 10000
Current Account (EUR Billion) 34.58 32 32 36 32
Imports (EUR Million) 221336.70 249000 234000 233000 220000
Exports (EUR Million) 233961.20 284000 239000 240000 230000
Current Account to GDP (% of GDP) 1.60 2.5

Business Actual Q1/26 Q2/26 Q3/26 Q4/26
Manufacturing PMI (points) 50.80 51.5 52.3 51.9 51.5
Services PMI (points) 51.90 52 51.6 51.5 51.4
Business Confidence (points) -0.36 -0.5 -0.8 -0.6 -0.5
Composite PMI (points) 51.90 52 51.9 51.6 51
Industrial Production Mom (%) -1.50 0.5 0.4 0.4 0.4
Industrial Production (%) -1.20 0.5 1.4 1.6 1.2
Manufacturing Production (%) -2.20 0.4 1.2 1.8 1.7
Capacity Utilization (%) 77.60 78.1 78.4 78.6 79
ZEW Economic Sentiment Index (points) -8.50 22 25 15 12
Car Registrations (Units) 757669.00 745400 727000 751500 762550
Industrial Sentiment (points) -7.10 -9 -7 -8 -6
Services Sentiment (points) 5.00 4 5 2 4

Consumer Actual Q1/26 Q2/26 Q3/26 Q4/26
Retail Sales MoM (%) -0.10 0.4 -0.4 0.3 0.4
Consumer Confidence (points) -12.20 -16 -14 -13 -16
Retail Sales YoY (%) 2.00 1.4 0.9 1.2 1.1
Consumer Spending (EUR Billion) 1647.48 1650 1654 1660 1671
Disposable Personal Income (EUR Million) 2433201.00 2426994 2448532 2462399 2467266
Personal Savings (%) 15.11 14.6 14.5 14.4 14.2
Economic Optimism Index (points) 98.30 96 98.9 97.5 97
Bank Lending Rate (%) 3.64 3.64 3.64 3.64 3.64
Consumer Credit (EUR Million) 825405.00 794080 802533 812687 823630

Housing Actual Q1/26 Q2/26 Q3/26 Q4/26
Construction Output (%) -0.90 -0.6 1.5 2 1.1
Housing Index (points) 156.19 154 157 159 159
Construction PMI (points) 46.00 46.6 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