Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Currency 1.16 1.16 1.17 1.18 1.19
Stock Market (points) 25211.70 24610 23587 22962 22352
Government Bond 10Y (%) 2.98 3.01 2.94 2.89 2.84

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.30 0.2 0.4 0.3 0.4
GDP Annual Growth Rate (%) 0.40 1 1.2 0.7 1.2
Unemployment Rate (%) 6.40 6.2 6.2 6.1 6
Inflation Rate (%) 2.90 3.1 3.2 3 2.9
Inflation Rate MoM (%) 0.60 0.2 0.1 0.3 0.2
Interest Rate (%) 2.15 2.4 2.65 2.65 2.65
Balance of Trade (EUR Billion) 14.30 13.7 14.2 14.9 15.5
Current Account (EUR Million) 23635.26 16200 21500 15900 24400
Business Confidence (points) 84.90 84.2 82 84 87
Manufacturing PMI (points) 49.90 52.5 50.6 47 48
Services PMI (points) 47.80 46 45 47 49
Consumer Confidence (points) -29.80 -34 -30 -28 -27
Retail Sales MoM (%) -2.00 0.4 0.7 0.3 0.5
Current Account to GDP (% of GDP) 4.50 3.7
Government Debt to GDP (% of GDP) 63.50 64
Government Budget (% of GDP) -2.70 -3.6

GDP Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.30 0.2 0.4 0.3 0.4
GDP Annual Growth Rate (%) 0.40 1 1.2 0.7 1.2
GDP Constant Prices (EUR Billion) 907.88 912 913 911 919
Gross National Product (EUR Billion) 1179.50 1168 1175 1180 1194
Gross Fixed Capital Formation (EUR Billion) 174.65 176 177 178 177
GDP from Agriculture (EUR Billion) 6.84 6.89 7 6.96 6.92
GDP from Construction (EUR Billion) 28.99 29.88 29.69 29.37 29.34
GDP from Manufacturing (EUR Billion) 167.62 169 168 169 170
GDP from Public Administration (EUR Billion) 172.39 172 173 174 174
GDP from Services (EUR Billion) 137.80 139 139 139 139
GDP (USD Billion) 4659.93 4693
GDP per Capita (USD) 44108.70 44417
GDP per Capita PPP (USD) 62829.80 63270
Full Year GDP Growth (%) 0.20 0.7

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 6.40 6.2 6.2 6.1 6
Employed Persons (Thousand ) 45519.00 45565 45610 45656 45747
Unemployed Persons (Thousand ) 3006.00 2980 2950 2910 2860
Unemployment Change (Thousand) 20.00 8 -7 -4 -10
Long Term Unemployment Rate (%) 1.10 1 1 0.9 0.8
Youth Unemployment Rate (%) 7.50 7.3 7.3 7.2 7.1
Productivity (points) 94.90 98 98.5 99 99.5
Labour Costs (points) 124.27 125 126 126 126
Job Vacancies (Thousand) 641.21 610 606 615 625
Wages in Manufacturing (points) 104.13 106 106 106 106
Wage Growth (%) 1.90 2.1 1.8 1.7 1.6
Negotiated Wage Growth (%) -3.20 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) 83.50 83.44

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 2.90 3.1 3.2 3 2.9
Inflation Rate MoM (%) 0.60 0.2 0.1 0.3 0.2
Consumer Price Index CPI (points) 125.20 126 127 126 128
Harmonised Consumer Prices (points) 102.67 103 104 104 105
Core Consumer Prices (points) 120.60 121 122 121 123
Core Inflation Rate (%) 2.30 2.5 2.4 2.3 2.2
Producer Prices (points) 128.40 129 129 129 131
Producer Prices Change (%) 1.70 2 3 3.5 3
Import Prices (points) 116.90 110 111 113 119
Food Inflation (%) 1.50 1.9 2.1 2.6 2.8
Energy Inflation (%) 10.10 15 17 14 12
Import Prices YoY (%) 2.30 -0.9 0.2 1.4 1.9
Harmonised Inflation Rate YoY (%) 2.90 3.1 3.2 3 2.9
Producer Price Inflation MoM (%) 1.20 0.3 0.2 0.3 0.2
Wholesale Prices MoM (%) 2.00 0.3 0.2 0.2 0.3
Wholesale Prices YoY (%) 6.30 4.7 4.5 4.2 3.4
Wholesale Prices (points) 125.10 123 122 123 127

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 2.15 2.4 2.65 2.65 2.65
Interbank Rate (%) 2.18 2.43 2.68 2.68 2.68
Money Supply M2 (EUR Billion) 4058.30 4100 4150 4110 4150
Foreign Exchange Reserves (EUR Million) 513150.00 489700 495800 499000 505000
Loans to Private Sector (EUR Billion) 1975.51 1922 1929 1989 1999
Central Bank Balance Sheet (EUR Billion) 2348.21 2470 2480 2490 2520
Private Debt to GDP (%) 140.70 142

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (EUR Billion) 14.30 13.7 14.2 14.9 15.5
Current Account (EUR Million) 23635.26 16200 21500 15900 24400
Imports (EUR Billion) 121.50 114 114 114 114
Exports (EUR Billion) 135.80 128 128 129 130
Auto Exports (Units) 270400.00 273628 291507 222258 316293
Tourist Arrivals (Thousand) 2338.12 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) -50.18 -16 -16 -40 -41
Government Revenues (EUR Billion) 500.01 504 481 534 474
Fiscal Expenditure (EUR Billion) 550.19 520 497 574 515
Government Debt to GDP (% of GDP) 63.50 64
Government Budget (% of GDP) -2.70 -3.6
Government Spending to GDP (% of GDP) 50.50 51.4

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Business Confidence (points) 84.90 84.2 82 84 87
Manufacturing PMI (points) 49.90 52.5 50.6 47 48
Services PMI (points) 47.80 46 45 47 49
Composite PMI (points) 48.60 47.9 46.4 48 49
Industrial Production (%) -2.80 2 1.6 1.8 1.7
Industrial Production Mom (%) -0.70 0.6 0.7 0.2 -0.6
Manufacturing Production (%) -3.60 1.9 1.8 2 1.8
Factory Orders (%) 5.00 -0.3 -0.8 1.5 1
Bankruptcies (Companies) 2053.00 2000 1970 1800 1990
Corporate Profits (EUR Billion) 204.92 211 212 215 217
ZEW Economic Sentiment Index (points) -10.20 -16 -14 -17 5
Car Production (Units) 249163.00 364134 398791 265794 408014
Car Registrations (Units) 249163.00 295100 215100 225000 265900
Ifo Current Conditions (points) 86.10 85.5 82.5 84 87
Ifo Expectations (points) 83.80 83 80.5 82 85
ZEW Current Conditions (points) -77.80 -81 -79 -74 -71

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Consumer Confidence (points) -29.80 -34 -30 -28 -27
Retail Sales MoM (%) -2.00 0.4 0.7 0.3 0.5
Retail Sales YoY (%) -2.00 1.7 1.5 1.1 1.6
Consumer Spending (EUR Billion) 483.20 486 486 486 489
Disposable Personal Income (EUR Billion) 673.65 666 676 676 682
Personal Savings (%) 10.10 10.6 10.5 10.5 10.5
Consumer Credit (EUR Million) 236859.00 238433 240864 239006 239701
Bank Lending Rate (%) 3.98 4.23 4.48 4.48 4.48
Gasoline Prices (USD/Liter) 2.51 3.05 2.62 2.18 2.18

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Housing Index (points) 221.58 223 224 224 224
House Price Index YoY (%) 1.90 2 1.7 1.6 1.7
Construction PMI (points) 42.10 41 42.2 44 43
Construction Orders (%) -7.70 1.5 -14 1.8 6.5
Building Permits (Units) 17605.00 15788 17987 19670 18749