Markets Actual Q1/26 Q2/26 Q3/26 Q4/26
Currency 1.18 1.18 1.2 1.2 1.21
Stock Market (points) 25284.26 25028 23820 23120 22440
Government Bond 10Y (%) 2.64 2.64 2.56 2.51 2.46

Overview Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 0.30 0.3 0.3 0.4 0.3
GDP Annual Growth Rate (%) 0.40 0.5 1 1.2 0.7
Unemployment Rate (%) 6.30 6.3 6.2 6.2 6.1
Inflation Rate (%) 1.90 2 2.1 2.2 2.1
Inflation Rate MoM (%) 0.20 0.3 0.2 0.1 0.3
Interest Rate (%) 2.15 2.15 2.15 2.15 2.15
Balance of Trade (EUR Billion) 17.10 14 13.7 14.2 14.9
Current Account (EUR Million) 16111.88 25200 16200 21500 15900
Business Confidence (points) 88.60 89.1 88 89 87
Services PMI (points) 53.40 52.5 52 52.3 52.5
Manufacturing PMI (points) 50.70 50.7 52.5 52.9 52
Retail Sales MoM (%) 0.10 0.5 0.4 0.7 0.3
Consumer Confidence (points) -24.70 -23.8 -23 -24 -20
Current Account to GDP (% of GDP) 5.80 3.7
Government Debt to GDP (% of GDP) 62.20 64
Government Budget (% of GDP) -2.70 -3.6

GDP Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 0.30 0.3 0.3 0.4 0.3
GDP Annual Growth Rate (%) 0.40 0.5 1 1.2 0.7
GDP Constant Prices (EUR Billion) 905.32 909 912 913 912
Gross National Product (EUR Billion) 1171.51 1148 1168 1175 1180
Gross Fixed Capital Formation (EUR Billion) 177.05 177 176 177 178
GDP from Agriculture (EUR Billion) 6.80 6.78 6.81 6.92 6.85
GDP from Services (EUR Billion) 138.31 139 139 140 139
GDP from Manufacturing (EUR Billion) 165.80 169 169 168 167
GDP from Public Administration (EUR Billion) 171.84 170 172 173 173
GDP from Construction (EUR Billion) 29.86 30.4 29.89 29.71 30.07
GDP (USD Billion) 4659.93 4702
GDP per Capita (USD) 44108.70 44506
GDP per Capita PPP (USD) 62829.80 63395
Full Year GDP Growth (%) 0.20 0.9

Labour Actual Q1/26 Q2/26 Q3/26 Q4/26
Unemployment Rate (%) 6.30 6.3 6.2 6.2 6.1
Employed Persons (Thousand ) 45909.00 45909 45955 46001 46047
Unemployed Persons (Thousand ) 2977.00 2985 2980 2950 2910
Unemployment Change (Thousand) 1.00 5 8 -7 -4
Long Term Unemployment Rate (%) 1.10 1.1 1 1 0.9
Youth Unemployment Rate (%) 7.10 7.1 7 7 6.9
Productivity (points) 97.10 97.5 98 98.5 99
Labour Costs (points) 123.49 123 125 126 126
Job Vacancies (Thousand) 598.11 605 610 606 615
Wages in Manufacturing (points) 169.98 103 106 106 173
Wage Growth (%) 2.70 2 2.1 1.8 1.7
Negotiated Wage Growth (%) 3.33 2.7 3 3.2 2.9
Employment Change (%) -0.10 0 0.1 0.1 0.1
Wages (EUR/Month) 4701.00 4781
Minimum Wages (EUR/Hour) 13.90 13.9
Population (Million) 83.58 83.44

Prices Actual Q1/26 Q2/26 Q3/26 Q4/26
Inflation Rate (%) 1.90 2 2.1 2.2 2.1
Inflation Rate MoM (%) 0.20 0.3 0.2 0.1 0.3
Consumer Price Index CPI (points) 122.80 124 124 125 125
Harmonised Consumer Prices (points) 100.56 101 102 103 103
Core Inflation Rate (%) 2.50 2.4 2.4 2.3 2.3
Core Consumer Prices (points) 119.10 120 121 122 121
Producer Prices (points) 124.40 125 125 125 127
Producer Prices Change (%) -3.00 -1.9 -1.2 0.1 1.5
Import Prices (points) 111.30 112 110 111 113
Food Inflation (%) 2.60 1.9 2.5 2.9 2.6
Wholesale Prices YoY (%) 1.20 1 1.4 1.7 2
Harmonised Inflation Rate YoY (%) 2.00 2 2.1 2.2 2.1
Wholesale Prices MoM (%) 0.90 0.4 0.3 0.2 0.2
Producer Price Inflation MoM (%) -0.60 0.2 0.3 0.2 0.3
Import Prices YoY (%) -2.30 -1.9 -0.9 0.2 1.4
Energy Inflation (%) -1.90 -1.6 -2 -1.4 -1.2
Wholesale Prices (points) 118.80 119 119 119 120

Money Actual Q1/26 Q2/26 Q3/26 Q4/26
Interest Rate (%) 2.15 2.15 2.15 2.15 2.15
Interbank Rate (%) 2.03 2.03 2.03 2.03 2.03
Money Supply M2 (EUR Billion) 4040.80 4050 4100 4150 4110
Foreign Exchange Reserves (EUR Million) 544852.00 485000 489700 495800 499000
Loans to Private Sector (EUR Billion) 1906.16 1909 1922 1929 1920
Central Bank Balance Sheet (EUR Billion) 2335.35 2465 2470 2480 2490
Private Debt to GDP (%) 141.80 142

Trade Actual Q1/26 Q2/26 Q3/26 Q4/26
Balance of Trade (EUR Billion) 17.10 14 13.7 14.2 14.9
Current Account (EUR Million) 16111.88 25200 16200 21500 15900
Imports (EUR Billion) 116.20 115 114 114 114
Exports (EUR Billion) 133.30 129 128 128 129
Auto Exports (Units) 225300.00 306400 273628 291507 222258
Tourist Arrivals (Thousand) 3051.57 2500 4100 3700 2900
Current Account to GDP (% of GDP) 5.80 3.7

Government Actual Q1/26 Q2/26 Q3/26 Q4/26
Government Budget Value (EUR Billion) -9.43 -36 -16 -16 -40
Government Revenues (EUR Billion) 508.78 469 504 481 534
Fiscal Expenditure (EUR Billion) 518.21 505 520 497 574
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 Q1/26 Q2/26 Q3/26 Q4/26
Business Confidence (points) 88.60 89.1 88 89 87
Services PMI (points) 53.40 52.5 52 52.3 52.5
Manufacturing PMI (points) 50.70 50.7 52.5 52.9 52
Composite PMI (points) 53.10 52 51.9 52.3 51.5
Industrial Production Mom (%) -1.90 -0.7 0.6 0.7 0.2
Industrial Production (%) -0.60 1.1 2 1.6 1.8
Manufacturing Production (%) -0.30 1.5 1.9 1.8 2
Factory Orders (%) 7.80 1.1 -0.3 -0.8 1.5
Bankruptcies (Companies) 1794.00 2010 2000 1970 1800
Corporate Profits (EUR Billion) 205.48 209 211 212 215
ZEW Economic Sentiment Index (points) 58.30 55 40 25 17
Car Production (Units) 305900.00 394412 364134 398791 268770
Car Registrations (Units) 193981.00 258900 295100 215100 225000
Ifo Current Conditions (points) 86.70 87 87.5 89.1 92.9
Ifo Expectations (points) 90.50 91 89 89.5 91
ZEW Current Conditions (points) -65.90 -64 -67 -59 -54

Consumer Actual Q1/26 Q2/26 Q3/26 Q4/26
Retail Sales MoM (%) 0.10 0.5 0.4 0.7 0.3
Consumer Confidence (points) -24.70 -23.8 -23 -24 -20
Retail Sales YoY (%) 1.50 1.5 1.7 1.5 1.1
Consumer Spending (EUR Billion) 484.81 483 487 488 488
Disposable Personal Income (EUR Billion) 670.87 655 666 676 676
Personal Savings (%) 10.30 10.6 10.6 10.5 10.5
Consumer Credit (EUR Million) 238008.00 235662 238433 240864 239674
Bank Lending Rate (%) 3.97 3.97 3.97 3.97 3.97
Gasoline Prices (USD/Liter) 2.18 2.2 2.3 2.36 2.42

Housing Actual Q1/26 Q2/26 Q3/26 Q4/26
Housing Index (points) 220.11 222 223 224 224
House Price Index YoY (%) 1.50 1.9 2 1.7 1.6
Construction Orders (%) 3.20 -12 1.5 -14 1.8
Construction PMI (points) 44.70 51 51.5 52.2 52
Building Permits (Units) 19322.00 14316 15788 17987 19670