Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Stock Market (points) 6056.86 6015 5746 5597 5451
Currency 1.15 1.15 1.16 1.17 1.18
Government Bond 10Y (%) 3.39 3.38 3.29 3.24 3.2

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) -0.20 0.1 0.1 0.2 0.3
GDP Annual Growth Rate (%) 0.30 0.7 0.6 0.7 0.8
Unemployment Rate (%) 6.30 6.2 6.3 6.3 6.4
Inflation Rate (%) 3.20 3.4 3.5 3.4 3.1
Inflation Rate MoM (%) 0.10 0.2 0.3 0.1 0.3
Interest Rate (%) 2.15 2.4 2.65 2.65 2.65
Balance of Trade (EUR Million) 7820.60 5000 7000 10000 34000
Current Account (EUR Billion) 24.10 32 36 32 29
Manufacturing PMI (points) 51.60 52.3 50.1 49 51
Services PMI (points) 47.70 46 48 51 51.8
Business Confidence (points) -0.26 -0.7 -0.6 -0.5 -0.4
Retail Sales MoM (%) -0.40 -0.4 0.3 0.4 0.3
Consumer Confidence (points) -19.00 -17 -19 -18 -17
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 Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) -0.20 0.1 0.1 0.2 0.3
GDP Annual Growth Rate (%) 0.30 0.7 0.6 0.7 0.8
GDP Constant Prices (EUR Billion) 3089.75 3105 3110 3118 3114
Gross Fixed Capital Formation (EUR Billion) 650.87 644 652 658 656
GDP (USD Billion) 16406.13 16554
GDP per Capita (USD) 38145.12 38488
GDP per Capita PPP (USD) 56326.23 56833
Full Year GDP Growth (%) 1.40 0.9

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 6.30 6.2 6.3 6.3 6.4
Unemployed Persons (Thousand) 11075.00 10980 11900 12000 12010
Employed Persons (Million ) 153.98 154 154 154 154
Long Term Unemployment Rate (%) 2.00 2 2.1 2.1 2.2
Youth Unemployment Rate (%) 14.70 14.6 14.7 14.7 14.8
Productivity (points) 104.24 104 104 104 103
Wages (EUR/Month) 2652.00 2692 2719 2732 2726
Wage Growth (%) 3.00 2.8 2.9 3 2.8
Negotiated Wage Growth (%) 2.46 2.5 2.6 2.7 2.6
Employment Change YoY (%) 0.50 0.5 0.4 0.4 0.4
Employment Change (%) 0.10 0.1 0 0.1 0.1
Population (Million) 351.64 352

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 3.20 3.4 3.5 3.4 3.1
Inflation Rate MoM (%) 0.10 0.2 0.3 0.1 0.3
Consumer Price Index CPI (points) 103.15 104 104 104 105
Core Inflation Rate (%) 2.50 2.5 2.7 2.9 3.1
Core Consumer Prices (points) 102.67 103 104 104 105
GDP Deflator (points) 122.24 124 125 126 126
Producer Prices (points) 129.80 133 135 135 139
Producer Prices Change (%) 4.90 7.5 8.9 8.5 7.8
Food Inflation (%) 2.20 2.4 2.8 2.9 2.7
Inflation Expectations (%) 4.00 4.7 5 4.6 4.2
Energy Inflation (%) 10.90 12 15 14.7 12
Producer Price Inflation MoM (%) 0.60 0.4 0.5 0.3 0.2
CPI Housing Utilities (points) 102.38 103 103 104 105
CPI Transportation (points) 107.20 107 108 108 108

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 2.15 2.4 2.65 2.65 2.65
Money Supply M2 (EUR Million) 16289850.00 16320000 16480000 16510000 16490000
Loans to Private Sector (EUR Million) 5409680.00 5418053 5440456 5478674 5528666
Deposit Interest Rate (%) 2.00 2.25 2.5 2.5 2.5
Loan Growth (%) 3.00 3.2 3 2.9 2.7
Lending Rate (%) 2.40 2.65 2.9 2.9 2.9

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (EUR Million) 7820.60 5000 7000 10000 34000
Current Account (EUR Billion) 24.10 32 36 32 29
Imports (EUR Million) 257442.90 234000 233000 220000 254000
Exports (EUR Million) 265263.50 239000 240000 230000 288000
Current Account to GDP (% of GDP) 1.70 1

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Manufacturing PMI (points) 51.60 52.3 50.1 49 51
Services PMI (points) 47.70 46 48 51 51.8
Business Confidence (points) -0.26 -0.7 -0.6 -0.5 -0.4
Composite PMI (points) 48.50 48 49 50 51.4
Industrial Production Mom (%) 0.20 -0.6 -0.4 0.1 -0.2
Industrial Production (%) -2.10 -2.4 -2.7 -2 -1.4
Manufacturing Production (%) -2.40 -2.6 -2.8 -2.3 -1.6
Capacity Utilization (%) 78.50 77.5 77.4 77.2 77.3
ZEW Economic Sentiment Index (points) -9.10 -14 -15 -12 -7
Car Registrations (Units) 793161.50 727000 751500 762550 749400
Services Sentiment (points) 2.20 -1 -3 -4 -2
Industrial Sentiment (points) -8.00 -9 -10 -7 -6

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Retail Sales MoM (%) -0.40 -0.4 0.3 0.4 0.3
Consumer Confidence (points) -19.00 -17 -19 -18 -17
Retail Sales YoY (%) 1.00 0.9 1.2 1.1 1.3
Consumer Spending (EUR Billion) 1648.84 1646 1648 1657 1662
Disposable Personal Income (EUR Million) 2451271.00 2436231 2445721 2468430 2470881
Personal Savings (%) 14.42 14.7 15 15.1 15.2
Bank Lending Rate (%) 3.74 3.99 4.24 4.24 4.24
Economic Optimism Index (points) 93.50 91.5 93 95 94
Consumer Credit (EUR Million) 834711.00 799358 807870 818027 838563

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Construction Output (%) -1.20 -1.6 -2 -2.1 -1.7
Housing Index (points) 157.06 159 162 162 162
Construction PMI (points) 43.70 40 43 42 45

Government Actual Q2/26 Q3/26 Q4/26 Q1/27
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