Markets Actual Q3/26 Q4/26 Q1/27 Q2/27
Stock Market (points) 8508.07 8313 8113 7922 7736
Currency 1.14 1.15 1.16 1.16 1.17
Government Bond 10Y (%) 3.62 3.56 3.51 3.45 3.39

Overview Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Growth Rate (%) -0.10 0.1 0.1 0.2 0.3
GDP Annual Growth Rate (%) 0.90 0.4 0.5 0.7 0.9
Unemployment Rate (%) 8.10 8.1 8.2 8.2 8.1
Inflation Rate (%) 1.80 2 1.9 2 1.9
Inflation Rate MoM (%) -0.20 -0.8 0.2 0.3 0.3
Interest Rate (%) 2.40 2.65 2.65 2.65 2.65
Balance of Trade (EUR Million) -5640.20 -5380 -4800 -5000 -5000
Current Account (EUR Million) -162.00 -4800 -1200 -3200 -2200
Services PMI (points) 46.80 43 46 48 50
Manufacturing PMI (points) 51.20 48 47 49 50.9
Business Confidence (points) 100.00 98 96 97 98
Consumer Confidence (points) 84.00 84 87 91 94
Current Account to GDP (% of GDP) -0.30 -0.4
Government Debt to GDP (% of GDP) 115.60 118
Government Budget (% of GDP) -5.10 -5.2

GDP Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Growth Rate (%) -0.10 0.1 0.1 0.2 0.3
GDP Annual Growth Rate (%) 0.90 0.4 0.5 0.7 0.9
GDP Constant Prices (EUR Million) 665034.00 666891 668969 669689 671019
Gross Fixed Capital Formation (EUR Million) 143844.00 144930 145406 144851 145139
GDP from Agriculture (EUR Million) 8300.00 8395 8452 8358 8375
GDP from Utilities (EUR Million) 10088.00 10149 10238 10159 10179
GDP from Manufacturing (EUR Million) 63524.00 63648 63494 63969 64096
GDP from Construction (EUR Million) 30292.00 30797 30910 30504 30565
GDP from Transport (EUR Million) 27943.00 28039 28257 28139 28194
GDP from Services (EUR Million) 350594.00 351000 352399 353048 353749
GDP (USD Billion) 3162.08 3178
GDP per Capita (USD) 39441.26 39638
GDP per Capita PPP (USD) 54464.98 54737
Full Year GDP Growth (%) 0.90 0.5

Labour Actual Q3/26 Q4/26 Q1/27 Q2/27
Unemployment Rate (%) 8.10 8.1 8.2 8.2 8.1
Employed Persons (Thousand ) 28259.00 28287 28344 28372 28429
Unemployed Persons (Thousand) 3115.60 3130 3140 3150 3160
Long Term Unemployment Rate (%) 2.00 2 2.1 2.1 2
Youth Unemployment Rate (%) 21.30 21.3 21.4 21.4 21.3
Labour Costs (points) 114.50 116 119 121 124
Wages in Manufacturing (points) 123.80 125 125 126 127
Wage Growth (%) 1.70 1.7 1.9 2.1 2.2
Initial Jobless Claims (Thousand) 15.50 5 18 -12 -20
Employment Change (%) 0.00 0.1 0.2 0.1 0.2
Wages (EUR/Month) 3602.00 3670
Population (Million) 69.08 69.25

Prices Actual Q3/26 Q4/26 Q1/27 Q2/27
Inflation Rate (%) 1.80 2 1.9 2 1.9
Inflation Rate MoM (%) -0.20 -0.8 0.2 0.3 0.3
Consumer Price Index CPI (points) 102.38 102 102 103 104
Harmonised Consumer Prices (points) 102.38 102 102 103 104
Core Inflation Rate (%) 1.50 1.8 1.9 2.2 2.1
Core Consumer Prices (points) 101.28 102 102 103 103
Producer Prices (points) 123.10 127 130 132 127
Producer Prices Change (%) 3.00 6.5 5.5 4.6 3
Food Inflation (%) 0.90 1.5 1.9 2.6 2.5
Producer Price Inflation MoM (%) -0.30 -0.2 0.3 0.4 0.3
Harmonised Inflation Rate YoY (%) 2.00 2.2 2.1 2 1.9
CPI Housing Utilities (points) 102.50 102 102 103 104
CPI Transportation (points) 107.14 106 106 107 107

Money Actual Q3/26 Q4/26 Q1/27 Q2/27
Interest Rate (%) 2.40 2.65 2.65 2.65 2.65
Interbank Rate (%) 2.34 2.59 2.59 2.59 2.59
Loans to Private Sector (EUR Million) 3182425.00 3137439 3167442 3183197 3211067
Private Debt to GDP (%) 204.10 202

Trade Actual Q3/26 Q4/26 Q1/27 Q2/27
Balance of Trade (EUR Million) -5640.20 -5380 -4800 -5000 -5000
Current Account (EUR Million) -162.00 -4800 -1200 -3200 -2200
Exports (EUR Million) 54584.80 55780 56600 56800 57000
Imports (EUR Million) 60225.00 61160 61400 61800 62000
Tourist Arrivals (Thousand) 3422.00 4000 2680 3020 4210
Current Account to GDP (% of GDP) -0.30 -0.4

Government Actual Q3/26 Q4/26 Q1/27 Q2/27
Government Budget Value (EUR Billion) -93.30 -120 -124 -30 -86
Government Revenues (EUR Billion) 149.55 269 391 91 190
Fiscal Expenditure (EUR Billion) 222.13 389 515 121 276
Government Debt to GDP (% of GDP) 115.60 118
Government Budget (% of GDP) -5.10 -5.2
Government Spending to GDP (% of GDP) 57.20 57.2

Business Actual Q3/26 Q4/26 Q1/27 Q2/27
Services PMI (points) 46.80 43 46 48 50
Manufacturing PMI (points) 51.20 48 47 49 50.9
Business Confidence (points) 100.00 98 96 97 98
Composite PMI (points) 47.20 45 48 49 51
Industrial Production (%) 3.20 1.4 1.5 1.6 1.7
Industrial Production Mom (%) -0.10 -0.2 0.4 0.3 0.5
Business Climate Indicator (points) 94.00 93 94 96 97

Consumer Actual Q3/26 Q4/26 Q1/27 Q2/27
Consumer Confidence (points) 84.00 84 87 91 94
Retail Sales YoY (%) -0.20 -0.3 -0.1 0.5 1
Consumer Spending (EUR Million) 345302.00 346389 347632 347719 348410
Disposable Personal Income (EUR Million) 474338.00 470931 474082 477658 478607
Personal Savings (%) 17.86 17.6 17.5 17.3 17.1
Gasoline Prices (USD/Liter) 2.26 2.53 2.11 2.11 2.11
Bank Lending Rate (%) 3.51 3.76 3.76 3.76 3.76
Personal Spending (%) 0.50 0.3 0.4 0.3 0.4
Consumer Credit (EUR Million) 1741547.00 1746491 1749666 1751955 1757221

Housing Actual Q3/26 Q4/26 Q1/27 Q2/27
Construction PMI (points) 39.60 39 38 44 47
Housing Starts (units) 23569.00 26500 42700 22100 25200