Markets Actual Q4/26 Q1/27 Q2/27 Q3/27
Currency 1.12 1.13 1.14 1.14 1.15
Stock Market (points) 7803.33 7716 7535 7360 7190
Government Bond 10Y (%) 4.87 4.79 4.71 4.63 4.55

Overview Actual Q4/26 Q1/27 Q2/27 Q3/27
GDP Growth Rate (%) 0.00 0.2 0.2 0.3 0.2
GDP Annual Growth Rate (%) 0.70 0.5 0.7 0.9 1
Unemployment Rate (%) 8.30 8.4 8.4 8.3 8.2
Inflation Rate (%) 3.00 3.6 3.3 2.7 2.5
Inflation Rate MoM (%) -0.30 0.2 0.3 0.2 0.3
Interest Rate (%) 2.65 2.9 3.15 3.15 3.15
Balance of Trade (EUR Million) -6121.90 -6300 -6600 -6300 -6050
Current Account (EUR Million) -1482.00 -1200 -3200 -2200 -4200
Services PMI (points) 51.20 49.9 50.5 51.1 51
Manufacturing PMI (points) 50.60 50.2 50.9 51.1 51.9
Business Confidence (points) 101.00 97 96 97 98
Consumer Confidence (points) 86.00 85 84 86 87
Current Account to GDP (% of GDP) -0.40 -0.4
Government Debt to GDP (% of GDP) 115.60 118
Government Budget (% of GDP) -5.10 -5.4

GDP Actual Q4/26 Q1/27 Q2/27 Q3/27
GDP Growth Rate (%) 0.00 0.2 0.2 0.3 0.2
GDP Annual Growth Rate (%) 0.70 0.5 0.7 0.9 1
GDP Constant Prices (EUR Million) 664746.00 669037 669162 670729 671393
Gross Fixed Capital Formation (EUR Million) 143046.00 145280 144420 144333 144476
GDP from Manufacturing (EUR Million) 63711.00 63509 63973 64284 64348
GDP from Services (EUR Million) 350908.00 352527 353131 354066 354417
GDP from Agriculture (EUR Million) 7702.00 8292 8005 7771 7779
GDP from Construction (EUR Million) 29972.00 30884 30357 30242 30272
GDP from Utilities (EUR Million) 10089.00 10253 10162 10180 10190
GDP from Transport (EUR Million) 28048.00 28336 28330 28300 28328
GDP (USD Billion) 3366.32 3383
GDP per Capita (USD) 39918.89 40118
GDP per Capita PPP (USD) 55124.54 55400
Full Year GDP Growth (%) 0.90 0.5

Labour Actual Q4/26 Q1/27 Q2/27 Q3/27
Unemployment Rate (%) 8.30 8.4 8.4 8.3 8.2
Unemployed Persons (Thousand) 3081.70 3140 3150 3145 3125
Employed Persons (Thousand ) 28232.00 28260 28288 28345 28402
Long Term Unemployment Rate (%) 2.10 2.2 2.2 2.1 2
Youth Unemployment Rate (%) 20.60 20.7 20.7 20.6 20.5
Labour Costs (points) 115.31 118 120 123 125
Wages in Manufacturing (points) 124.70 125 126 127 127
Wage Growth (%) 1.70 1.9 2.1 2.2 2
Initial Jobless Claims (Thousand) -61.30 18 -12 -20 -30
Employment Change (%) 0.00 0.1 0.1 0.2 0.2
Wages (EUR/Month) 3602.00 3670
Population (Million) 69.08 69.25

Prices Actual Q4/26 Q1/27 Q2/27 Q3/27
Inflation Rate (%) 3.00 3.6 3.3 2.7 2.5
Inflation Rate MoM (%) -0.30 0.2 0.3 0.2 0.3
Consumer Price Index CPI (points) 102.99 104 105 105 106
Harmonised Consumer Prices (points) 103.39 104 105 105 106
Core Inflation Rate (%) 1.10 1.5 2.1 1.9 2
Core Consumer Prices (points) 101.37 102 103 103 103
Producer Prices (points) 125.40 131 132 126 129
Producer Prices Change (%) 4.80 6.2 4.5 3 2.6
Food Inflation (%) 1.50 1.5 1.7 2 1.9
Producer Price Inflation MoM (%) 1.00 0.3 0.4 0.3 -0.3
Harmonised Inflation Rate YoY (%) 3.40 3.7 3.3 2.9 2.6
CPI Housing Utilities (points) 103.39 104 104 105 106
CPI Transportation (points) 108.80 109 109 110 110

Money Actual Q4/26 Q1/27 Q2/27 Q3/27
Interest Rate (%) 2.65 2.9 3.15 3.15 3.15
Interbank Rate (%) 2.64 2.89 3.14 3.14 3.14
Loans to Private Sector (EUR Million) 3198808.00 3233628 3236936 3261064 3253188
Loan Growth (%) 2.70 2.6 2.4 2 1.7
Private Debt to GDP (%) 204.10 202

Trade Actual Q4/26 Q1/27 Q2/27 Q3/27
Balance of Trade (EUR Million) -6121.90 -6300 -6600 -6300 -6050
Current Account (EUR Million) -1482.00 -1200 -3200 -2200 -4200
Imports (EUR Million) 60297.60 61400 61800 62000 62250
Exports (EUR Million) 54175.70 55100 55200 55700 56200
Tourist Arrivals (Thousand) 5410.00 2680 3020 4210 4190
Current Account to GDP (% of GDP) -0.40 -0.4

Government Actual Q4/26 Q1/27 Q2/27 Q3/27
Government Budget Value (EUR Billion) -159.60 -134 -30 -86 -116
Government Revenues (EUR Billion) 228.55 391 91 190 276
Fiscal Expenditure (EUR Billion) 362.97 525 121 276 392
Government Debt to GDP (% of GDP) 115.60 118
Government Budget (% of GDP) -5.10 -5.4
Government Spending to GDP (% of GDP) 57.20 57.2

Business Actual Q4/26 Q1/27 Q2/27 Q3/27
Services PMI (points) 51.20 49.9 50.5 51.1 51
Manufacturing PMI (points) 50.60 50.2 50.9 51.1 51.9
Business Confidence (points) 101.00 97 96 97 98
Composite PMI (points) 51.10 50.5 50.9 51 51.5
Industrial Production Mom (%) -0.30 0.4 0.3 0.5 -0.1
Industrial Production (%) 0.30 0.7 1.2 1.7 1.9
Business Climate Indicator (points) 96.00 94 96 97 98

Consumer Actual Q4/26 Q1/27 Q2/27 Q3/27
Consumer Confidence (points) 86.00 85 84 86 87
Retail Sales YoY (%) -0.20 -0.1 0.5 1 1.1
Consumer Spending (EUR Million) 345826.00 347505 347229 348938 349284
Disposable Personal Income (EUR Million) 475835.00 473704 476943 480118 480593
Personal Savings (%) 17.23 17.5 17.3 17.1 16.9
Personal Spending (%) -0.50 0.4 0.3 0.4 0.2
Bank Lending Rate (%) 3.64 3.89 4.14 4.14 4.14
Gasoline Prices (USD/Liter) 2.51 2.62 2.74 2.86 2.98
Consumer Credit (EUR Million) 1749987.00 1786226 1781532 1781772 1779737

Housing Actual Q4/26 Q1/27 Q2/27 Q3/27
Construction PMI (points) 39.80 41 43 45 48
Housing Starts (units) 13629.00 42700 22100 25200 27900