Markets Actual Q3/26 Q4/26 Q1/27 Q2/27
Currency 1.16 1.16 1.17 1.18 1.18
Stock Market (points) 25971.00 25854 24679 24023 23384
Government Bond 10Y (%) 3.38 3.36 3.27 3.22 3.17

Overview Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Growth Rate (%) 0.30 0 0.1 0.3 0.4
GDP Annual Growth Rate (%) 1.00 0.4 0.2 0.2 0.6
Unemployment Rate (%) 6.40 6.4 6.5 6.6 6.6
Inflation Rate (%) 2.90 2.9 2.5 2.2 2
Inflation Rate MoM (%) 0.20 0.2 0.4 0.3 0.2
Interest Rate (%) 2.40 2.65 2.65 2.9 2.9
Balance of Trade (EUR Billion) 21.27 15.6 13.6 12.9 10
Current Account (EUR Million) 19033.87 21500 15900 24400 18900
Services PMI (points) 49.70 50.5 50.5 50.6 50.9
Manufacturing PMI (points) 54.30 53.6 51.5 50.9 51
Business Confidence (points) 88.80 84.9 84 85.5 87
Retail Sales MoM (%) -3.40 0.7 0.3 0.5 0.3
Consumer Confidence (points) -26.60 -29.5 -28 -29 -27
Current Account to GDP (% of GDP) 4.50 3.5
Government Debt to GDP (% of GDP) 63.50 65.9
Government Budget (% of GDP) -2.70 -3.6

GDP Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Growth Rate (%) 0.30 0 0.1 0.3 0.4
GDP Annual Growth Rate (%) 1.00 0.4 0.2 0.2 0.6
GDP Constant Prices (EUR Billion) 1171.82 1142 1152 1162 1179
Gross National Product (EUR Billion) 1213.48 1184 1190 1201 1221
Gross Fixed Capital Formation (EUR Billion) 176.75 178 180 177 178
GDP from Agriculture (EUR Billion) 6.57 6.6 6.58 6.55 6.61
GDP from Manufacturing (EUR Billion) 167.58 168 169 170 169
GDP from Public Administration (EUR Billion) 172.95 171 170 174 174
GDP from Services (EUR Billion) 133.82 133 134 135 135
GDP from Construction (EUR Billion) 29.86 30.46 31 29.9 30.04
GDP (USD Billion) 5050.92 5086
GDP per Capita (USD) 44146.64 44456
GDP per Capita PPP (USD) 62823.77 63264
Full Year GDP Growth (%) 0.20 0.7

Labour Actual Q3/26 Q4/26 Q1/27 Q2/27
Unemployment Rate (%) 6.40 6.4 6.5 6.6 6.6
Employed Persons (Thousand ) 45509.00 45418 45373 45373 45418
Unemployed Persons (Thousand ) 2996.00 3030 3036 3032 3028
Unemployment Change (Thousand) 4.00 20 10 4 1
Long Term Unemployment Rate (%) 1.10 1.1 1.2 1.2 1.3
Youth Unemployment Rate (%) 7.20 7.2 7.3 7.4 7.4
Productivity (points) 97.30 95.2 95.4 95.5 95.6
Labour Costs (points) 124.46 124 125 125 126
Job Vacancies (Thousand) 653.33 645 636 630 632
Wage Growth (%) 1.80 1.5 1.1 1 1.2
Wages in Manufacturing (points) 106.72 105 105 105 108
Negotiated Wage Growth (%) 2.50 2.8 2.9 2.8 2.7
Employment Change (%) -0.10 -0.2 -0.1 0 0.1
Wages (EUR/Month) 4851.00 4904
Minimum Wages (EUR/Hour) 13.90 13.9
Population (Million) 83.50 83.44

Prices Actual Q3/26 Q4/26 Q1/27 Q2/27
Inflation Rate (%) 2.90 2.9 2.5 2.2 2
Inflation Rate MoM (%) 0.20 0.2 0.4 0.3 0.2
Consumer Price Index CPI (points) 125.60 126 126 127 127
Harmonised Consumer Prices (points) 103.36 104 103 105 105
Core Inflation Rate (%) 2.40 2.6 2.8 2.9 3
Core Consumer Prices (points) 121.60 122 121 124 125
Producer Prices (points) 129.80 128 128 129 131
Producer Prices Change (%) 3.00 2.5 2.4 2 1.7
Import Prices (points) 118.50 117 117 121 122
Food Inflation (%) 0.10 0.5 1.6 2.4 2.6
Energy Inflation (%) 10.50 17 14 12 10
Harmonised Inflation Rate YoY (%) 2.90 2.9 2.6 2.5 2.2
Import Prices YoY (%) 6.80 5.6 4.9 3.7 3
Wholesale Prices YoY (%) 5.30 5.1 5.5 4.5 3.6
Producer Price Inflation MoM (%) 1.10 0.3 0.4 0.3 0.3
Wholesale Prices MoM (%) 0.20 0.3 0.4 0.3 0.4
Wholesale Prices (points) 123.80 123 124 128 128

Money Actual Q3/26 Q4/26 Q1/27 Q2/27
Interest Rate (%) 2.40 2.65 2.65 2.9 2.9
Interbank Rate (%) 2.51 2.76 2.76 3.01 3.01
Money Supply M2 (EUR Billion) 4074.10 4100 4110 4150 4140
Foreign Exchange Reserves (EUR Million) 469982.00 508800 511000 515000 515900
Loans to Private Sector (EUR Billion) 2016.80 1914 1979 1990 2029
Central Bank Balance Sheet (EUR Billion) 2271.09 2380 2390 2420 2425
Private Debt to GDP (%) 140.70 142

Trade Actual Q3/26 Q4/26 Q1/27 Q2/27
Balance of Trade (EUR Billion) 21.27 15.6 13.6 12.9 10
Current Account (EUR Million) 19033.87 21500 15900 24400 18900
Imports (EUR Billion) 119.60 123 125 127 131
Exports (EUR Billion) 138.22 138 139 140 141
Auto Exports (Units) 168300.00 281771 218686 317521 290577
Tourist Arrivals (Thousand) 3505.78 3700 2900 2600 3920
Current Account to GDP (% of GDP) 4.50 3.5

Government Actual Q3/26 Q4/26 Q1/27 Q2/27
Government Budget Value (EUR Billion) -43.78 -16 -40 -41 -19
Government Revenues (EUR Billion) 562.37 481 534 474 510
Fiscal Expenditure (EUR Billion) 606.15 497 574 515 529
Government Debt to GDP (% of GDP) 63.50 65.9
Government Budget (% of GDP) -2.70 -3.6
Government Spending to GDP (% of GDP) 50.50 52

Business Actual Q3/26 Q4/26 Q1/27 Q2/27
Services PMI (points) 49.70 50.5 50.5 50.6 50.9
Manufacturing PMI (points) 54.30 53.6 51.5 50.9 51
Business Confidence (points) 88.80 84.9 84 85.5 87
Composite PMI (points) 51.80 51.7 51.5 51 50.6
Industrial Production (%) -1.60 -0.8 0.5 1.4 1
Industrial Production Mom (%) -1.10 0.7 -0.2 -0.6 0.5
Manufacturing Production (%) -3.20 -1.6 0.4 1.1 1
Factory Orders (%) 2.50 -0.8 1 0.5 1.4
Bankruptcies (Companies) 1995.00 1970 2090 2050 2000
Corporate Profits (EUR Billion) 237.38 203 202 201 203
ZEW Economic Sentiment Index (points) 34.20 21 39 40 42
Car Registrations (Units) 212563.00 215100 225000 265900 302000
Car Production (Units) 229900.00 385472 261624 407831 381477
Ifo Current Conditions (points) 88.50 88 86 86.5 86.9
Ifo Expectations (points) 89.10 85.9 85.1 86 87
ZEW Current Conditions (points) -61.10 -62 -74 -71 -67

Consumer Actual Q3/26 Q4/26 Q1/27 Q2/27
Retail Sales MoM (%) -3.40 0.7 0.3 0.5 0.3
Consumer Confidence (points) -26.60 -29.5 -28 -29 -27
Retail Sales YoY (%) -2.50 -0.3 0.5 1.1 1.2
Consumer Spending (EUR Billion) 498.40 498 502 499 501
Disposable Personal Income (EUR Billion) 681.98 671 677 678 686
Personal Savings (%) 10.10 10.3 10.5 10.6 10.5
Consumer Credit (EUR Million) 238206.00 238960 237820 237332 239635
Bank Lending Rate (%) 4.26 4.51 4.51 4.76 4.76
Gasoline Prices (USD/Liter) 2.55 2.62 2.18 2.18 2.18

Housing Actual Q3/26 Q4/26 Q1/27 Q2/27
Construction Output (%) 1.00 0.2 -2 -1.7 -0.7
Housing Index (points) 222.22 224 224 224 226
House Price Index YoY (%) 1.40 1.7 1.6 1.7 1.8
Construction Orders (%) 11.30 -14 -2 6.5 4
Construction PMI (points) 48.70 42.2 44 43 47
Building Permits (Units) 17756.00 17987 18936 18749 18466