Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Currency 1.17 1.18 1.19 1.19 1.2
Stock Market (points) 23803.95 23233 22535 21928 21335
Government Bond 10Y (%) 3.05 3.01 2.95 2.91 2.86

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.30 0.3 0.4 0.3 0.4
GDP Annual Growth Rate (%) 0.40 1 1.2 0.7 1.2
Unemployment Rate (%) 6.30 6.2 6.2 6.1 6
Inflation Rate (%) 2.70 3.1 3.2 3 2.9
Inflation Rate MoM (%) 1.10 0.2 0.1 0.3 0.2
Interest Rate (%) 2.15 2.15 2.15 2.15 2.15
Balance of Trade (EUR Billion) 19.80 13.7 14.2 14.9 15.5
Current Account (EUR Million) 22006.56 16200 21500 15900 21500
Manufacturing PMI (points) 52.20 52.5 52.9 52 52.5
Services PMI (points) 50.90 52 52.3 52.5 52.9
Business Confidence (points) 86.40 86 89 87 89
Retail Sales MoM (%) -0.60 0.4 0.7 0.3 0.5
Consumer Confidence (points) -28.00 -29 -30 -28 -27
Current Account to GDP (% of GDP) 4.50 3.7
Government Debt to GDP (% of GDP) 62.20 64
Government Budget (% of GDP) -2.70 -3.6

GDP Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.30 0.3 0.4 0.3 0.4
GDP Annual Growth Rate (%) 0.40 1 1.2 0.7 1.2
GDP Constant Prices (EUR Billion) 905.32 912 913 912 916
Gross National Product (EUR Billion) 1171.51 1168 1175 1180 1186
Gross Fixed Capital Formation (EUR Billion) 177.05 176 177 178 179
GDP from Agriculture (EUR Billion) 6.80 6.81 6.92 6.85 6.88
GDP from Services (EUR Billion) 138.31 139 140 139 140
GDP from Manufacturing (EUR Billion) 165.80 169 168 167 168
GDP from Public Administration (EUR Billion) 171.84 172 173 173 174
GDP from Construction (EUR Billion) 29.86 29.89 29.71 30.07 30.22
GDP (USD Billion) 4659.93 4688
GDP per Capita (USD) 44108.70 44373
GDP per Capita PPP (USD) 62829.80 63207
Full Year GDP Growth (%) 0.20 0.6

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 6.30 6.2 6.2 6.1 6
Unemployed Persons (Thousand ) 2977.00 2980 2950 2910 2860
Employed Persons (Thousand ) 45536.00 45582 45627 45673 45764
Unemployment Change (Thousand) 0.00 8 -7 -4 -10
Long Term Unemployment Rate (%) 1.10 1 1 0.9 0.8
Youth Unemployment Rate (%) 7.40 7.3 7.3 7.2 7.1
Productivity (points) 92.20 98 98.5 99 99.5
Labour Costs (points) 124.27 125 126 126 126
Job Vacancies (Thousand) 637.56 610 606 615 625
Wage Growth (%) 1.90 2.1 1.8 1.7 1.6
Wages in Manufacturing (points) 104.24 106 106 106 106
Negotiated Wage Growth (%) 3.33 3 3.2 2.9 2.7
Employment Change (%) -0.10 0.1 0.1 0.1 0.2
Wages (EUR/Month) 4701.00 4781
Minimum Wages (EUR/Hour) 13.90 13.9
Population (Million) 83.58 83.44

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 2.70 3.1 3.2 3 2.9
Inflation Rate MoM (%) 1.10 0.2 0.1 0.3 0.2
Consumer Price Index CPI (points) 124.50 126 127 126 128
Harmonised Consumer Prices (points) 102.11 103 104 104 105
Core Inflation Rate (%) 2.50 2.4 2.3 2.3 2.2
Core Consumer Prices (points) 119.50 121 122 121 122
Producer Prices (points) 123.80 125 125 127 126
Producer Prices Change (%) -3.30 -1.2 0.1 1.5 2
Import Prices (points) 112.80 110 111 113 115
Food Inflation (%) 0.90 2.5 2.9 2.6 2.8
Wholesale Prices YoY (%) 1.20 1.4 1.7 2 1.9
Harmonised Inflation Rate YoY (%) 2.80 3.1 3.2 3 2.9
Energy Inflation (%) 7.20 8 7.4 6.2 4.6
Wholesale Prices MoM (%) 0.60 0.3 0.2 0.2 0.3
Producer Price Inflation MoM (%) -0.50 0.3 0.2 0.3 0.2
Import Prices YoY (%) -2.30 -0.9 0.2 1.4 1.9
Wholesale Prices (points) 119.50 119 119 120 122

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 2.15 2.15 2.15 2.15 2.15
Interbank Rate (%) 2.11 2.11 2.11 2.11 2.11
Money Supply M2 (EUR Billion) 4034.40 4100 4150 4110 4150
Foreign Exchange Reserves (EUR Million) 562209.00 489700 495800 499000 505000
Loans to Private Sector (EUR Billion) 1975.51 1922 1929 1989 1999
Central Bank Balance Sheet (EUR Billion) 2303.89 2470 2480 2490 2520
Private Debt to GDP (%) 141.80 142

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (EUR Billion) 19.80 13.7 14.2 14.9 15.5
Current Account (EUR Million) 22006.56 16200 21500 15900 21500
Imports (EUR Billion) 115.40 114 114 114 114
Exports (EUR Billion) 135.20 128 128 129 130
Auto Exports (Units) 310700.00 273628 291507 222258 316293
Tourist Arrivals (Thousand) 1933.62 4100 3700 2900 2600
Current Account to GDP (% of GDP) 4.50 3.7

Government Actual Q2/26 Q3/26 Q4/26 Q1/27
Government Budget Value (EUR Billion) -9.43 -16 -16 -40 -41
Government Revenues (EUR Billion) 508.78 504 481 534 474
Fiscal Expenditure (EUR Billion) 518.21 520 497 574 515
Government Debt to GDP (% of GDP) 62.20 64
Government Budget (% of GDP) -2.70 -3.6
Government Spending to GDP (% of GDP) 49.40 51.4

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Manufacturing PMI (points) 52.20 52.5 52.9 52 52.5
Services PMI (points) 50.90 52 52.3 52.5 52.9
Business Confidence (points) 86.40 86 89 87 89
Composite PMI (points) 51.90 51.9 52.3 51.5 52.3
Industrial Production Mom (%) -0.30 0.6 0.7 0.2 -0.6
Industrial Production (%) 0.00 2 1.6 1.8 1.7
Manufacturing Production (%) -0.20 1.9 1.8 2 1.8
Factory Orders (%) 0.90 -0.3 -0.8 1.5 1
Bankruptcies (Companies) 2037.00 2000 1970 1800 1990
Corporate Profits (EUR Billion) 210.63 211 212 215 217
ZEW Economic Sentiment Index (points) -0.50 40 25 17 15
Car Production (Units) 400800.00 364134 398791 265794 408014
Car Registrations (Units) 294161.00 295100 215100 225000 265900
Ifo Expectations (points) 86.00 87 89.5 91 92
Ifo Current Conditions (points) 86.70 87 89.1 92.9 93.6
ZEW Current Conditions (points) -62.90 -67 -59 -54 -50

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Retail Sales MoM (%) -0.60 0.4 0.7 0.3 0.5
Consumer Confidence (points) -28.00 -29 -30 -28 -27
Retail Sales YoY (%) 0.70 1.7 1.5 1.1 1.6
Consumer Spending (EUR Billion) 484.81 487 488 488 491
Disposable Personal Income (EUR Billion) 670.87 666 676 676 679
Personal Savings (%) 10.30 10.6 10.5 10.5 10.5
Consumer Credit (EUR Million) 237345.00 238433 240864 239006 240193
Bank Lending Rate (%) 3.95 3.95 3.95 3.95 3.95
Gasoline Prices (USD/Liter) 2.47 3.05 2.62 2.18 2.18

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Housing Index (points) 220.03 223 224 224 224
House Price Index YoY (%) 1.50 2 1.7 1.6 1.7
Construction Orders (%) -15.40 1.5 -14 1.8 6.5
Construction PMI (points) 48.00 51 52.2 52 51.6
Building Permits (Units) 16383.00 15788 17987 19670 17448