Markets Actual Q3/26 Q4/26 Q1/27 Q2/27
Currency 1.15 1.16 1.17 1.18 1.18
Stock Market (points) 6284.30 6290 6003 5849 5700
Government Bond 10Y (%) 3.93 3.93 3.82 3.76 3.71

Overview Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Growth Rate (%) 0.60 0.1 0.2 0.3 0.3
GDP Annual Growth Rate (%) 1.20 1 0.7 0.8 1.1
Unemployment Rate (%) 6.40 6.4 6.4 6.4 6.5
Inflation Rate (%) 3.20 3.4 3.6 3.3 3.1
Inflation Rate MoM (%) 0.40 0.3 0.1 0.3 0.3
Interest Rate (%) 2.65 2.65 2.9 2.9 2.9
Balance of Trade (EUR Million) 14190.80 13000 11000 34000 5000
Current Account (EUR Billion) 36.52 32 32 29 28
Business Confidence (points) -0.22 -0.5 -0.6 -0.4 -0.3
Services PMI (points) 51.60 51.5 51 51.8 52
Manufacturing PMI (points) 52.70 52.7 50.4 50.7 51
Consumer Confidence (points) -15.50 -17 -19 -18 -17
Retail Sales MoM (%) -0.60 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 (%) 0.60 0.1 0.2 0.3 0.3
GDP Annual Growth Rate (%) 1.20 1 0.7 0.8 1.1
GDP Constant Prices (EUR Billion) 3123.76 3128 3126 3129 3158
Gross Fixed Capital Formation (EUR Billion) 653.66 657 660 659 661
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 (%) 6.40 6.4 6.4 6.4 6.5
Employed Persons (Million ) 153.98 154 154 154 155
Unemployed Persons (Thousand) 11264.00 11270 11400 11450 11490
Long Term Unemployment Rate (%) 2.00 2 2 2 2.1
Youth Unemployment Rate (%) 14.90 14.9 14.9 14.9 15
Productivity (points) 105.21 105 106 106 106
Wages (EUR/Month) 2708.00 2719 2732 2784 2781
Wage Growth (%) 3.00 2.9 3 2.8 2.7
Employment Change YoY (%) 0.50 0.4 0.4 0.4 0.3
Negotiated Wage Growth (%) 2.44 2.6 2.7 2.6 2.5
Employment Change (%) 0.10 0 0.1 0.1 0.2
Population (Million) 353.16 353

Prices Actual Q3/26 Q4/26 Q1/27 Q2/27
Inflation Rate (%) 3.20 3.4 3.6 3.3 3.1
Inflation Rate MoM (%) 0.40 0.3 0.1 0.3 0.3
Consumer Price Index CPI (points) 103.69 104 104 105 106
Core Consumer Prices (points) 103.06 103 104 105 106
Core Inflation Rate (%) 2.40 2.5 2.7 3.1 3
GDP Deflator (points) 122.77 125 126 126 127
Producer Prices (points) 131.80 133 134 138 138
Producer Prices Change (%) 5.80 6.9 7.5 7 6.2
Food Inflation (%) 0.70 1.7 2.5 2.7 2.6
Energy Inflation (%) 14.30 15 14.7 12 6.5
Inflation Expectations (%) 3.00 3.2 3.6 3.3 3
Producer Price Inflation MoM (%) 1.60 0.5 0.3 0.2 0.3
CPI Housing Utilities (points) 104.19 103 104 105 106
CPI Transportation (points) 108.71 109 109 109 110

Money Actual Q3/26 Q4/26 Q1/27 Q2/27
Interest Rate (%) 2.65 2.65 2.9 2.9 2.9
Money Supply M2 (EUR Million) 16436438.00 16480000 16510000 16490000 16470000
Loans to Private Sector (EUR Million) 5489668.00 5440128 5478656 5528970 5608186
Lending Rate (%) 2.90 2.9 3.15 3.15 3.15
Loan Growth (%) 3.10 3 2.9 2.7 2.6
Deposit Interest Rate (%) 2.50 2.5 2.75 2.75 2.75

Trade Actual Q3/26 Q4/26 Q1/27 Q2/27
Balance of Trade (EUR Million) 14190.80 13000 11000 34000 5000
Current Account (EUR Billion) 36.52 32 32 29 28
Imports (EUR Million) 261836.90 243000 225000 254000 239000
Exports (EUR Million) 276027.70 256000 236000 288000 244000
Current Account to GDP (% of GDP) 1.70 1

Business Actual Q3/26 Q4/26 Q1/27 Q2/27
Business Confidence (points) -0.22 -0.5 -0.6 -0.4 -0.3
Services PMI (points) 51.60 51.5 51 51.8 52
Manufacturing PMI (points) 52.70 52.7 50.4 50.7 51
Composite PMI (points) 52.00 51.7 50.8 51.4 52
Industrial Production (%) 0.00 -0.6 0.4 1.1 1.2
Industrial Production Mom (%) -0.10 -0.4 0.1 -0.2 0.5
Manufacturing Production (%) -0.60 -1.2 0.2 1 0.9
Capacity Utilization (%) 77.90 77.4 77.2 77.3 77.4
ZEW Economic Sentiment Index (points) 25.80 38 15 7 4
Car Registrations (Units) 816092.40 751500 762550 749400 736000
Services Sentiment (points) 5.80 5.1 2 3 2
Industrial Sentiment (points) -5.30 -6 -9 -8 -7

Consumer Actual Q3/26 Q4/26 Q1/27 Q2/27
Consumer Confidence (points) -15.50 -17 -19 -18 -17
Retail Sales MoM (%) -0.60 0.3 0.4 0.3 -0.3
Retail Sales YoY (%) 0.60 0.5 0.2 0.7 1.2
Consumer Spending (EUR Billion) 1667.10 1667 1671 1674 1685
Disposable Personal Income (EUR Million) 2483578.00 2455445 2468430 2503447 2510897
Personal Savings (%) 14.26 14.6 14.7 14.8 15.1
Consumer Credit (EUR Million) 842510.00 811083 818019 838683 848450
Economic Optimism Index (points) 98.40 97.5 94 95 97
Bank Lending Rate (%) 3.95 3.95 4.2 4.2 4.2

Housing Actual Q3/26 Q4/26 Q1/27 Q2/27
Construction Output (%) -2.00 -2 -2.1 -1.7 -1.4
Housing Index (points) 158.36 161 163 164 163
Construction PMI (points) 43.00 43 42 44 45

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