Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Stock Market (points) 24918.80 24511 23337 22714 22108
Government Bond 10Y (%) 2.93 2.99 2.9 2.85 2.81

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.30 -0.2 0 0.1 0.3
GDP Annual Growth Rate (%) 0.40 0.4 0.4 0.2 0.2
Unemployment Rate (%) 6.30 6.4 6.4 6.5 6.6
Inflation Rate (%) 2.60 2.9 3.2 3.3 3.2
Inflation Rate MoM (%) -0.20 0.3 0.2 0.4 0.3
Interest Rate (%) 2.40 2.4 2.65 2.65 2.65
Balance of Trade (EUR Billion) 14.50 11.2 10.1 10.6 10.9
Current Account (EUR Million) 13815.59 16200 21500 15900 24400
Manufacturing PMI (points) 50.10 49 48.2 47 48
Services PMI (points) 48.10 46 45 47 49
Business Confidence (points) 84.90 84.2 82 84 87
Consumer Confidence (points) -29.80 -34 -30 -28 -27
Retail Sales MoM (%) -0.30 0.4 0.7 0.3 0.5
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 Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.30 -0.2 0 0.1 0.3
GDP Annual Growth Rate (%) 0.40 0.4 0.4 0.2 0.2
GDP Constant Prices (EUR Billion) 907.88 907 906 907 910
Gross National Product (EUR Billion) 1179.50 1161 1166 1174 1182
Gross Fixed Capital Formation (EUR Billion) 174.65 175 176 177 175
GDP from Manufacturing (EUR Billion) 167.62 168 167 167 168
GDP from Public Administration (EUR Billion) 172.39 171 171 173 173
GDP from Services (EUR Billion) 137.80 138 138 138 138
GDP from Agriculture (EUR Billion) 6.84 6.85 6.94 6.92 6.85
GDP from Construction (EUR Billion) 28.99 29.7 29.46 29.22 29.05
GDP (USD Billion) 4659.93 4683
GDP per Capita (USD) 44108.70 44329
GDP per Capita PPP (USD) 62829.80 63144
Full Year GDP Growth (%) 0.20 0.5

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 6.30 6.4 6.4 6.5 6.6
Employed Persons (Thousand ) 45607.00 45561 45470 45425 45425
Unemployed Persons (Thousand ) 2987.00 3012 3030 3036 3032
Unemployment Change (Thousand) -12.00 25 20 10 4
Long Term Unemployment Rate (%) 1.10 1.1 1.1 1.2 1.2
Youth Unemployment Rate (%) 7.20 7.3 7.3 7.4 7.5
Productivity (points) 94.90 95 95.2 95.4 95.5
Labour Costs (points) 124.27 124 125 125 126
Job Vacancies (Thousand) 642.81 640 625 615 619
Wages in Manufacturing (points) 104.13 105 105 105 105
Wage Growth (%) 1.90 1.5 1.1 0.9 1
Negotiated Wage Growth (%) 2.70 2.7 2.8 2.9 2.8
Employment Change (%) -0.10 -0.1 -0.2 -0.1 0
Wages (EUR/Month) 4701.00 4743
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 (%) 2.60 2.9 3.2 3.3 3.2
Inflation Rate MoM (%) -0.20 0.3 0.2 0.4 0.3
Consumer Price Index CPI (points) 125.00 125 127 127 128
Harmonised Consumer Prices (points) 102.55 103 104 104 105
Core Inflation Rate (%) 2.50 2.5 2.6 2.8 2.9
Core Consumer Prices (points) 121.00 121 122 121 124
Producer Prices (points) 128.40 131 131 131 133
Producer Prices Change (%) 1.70 3.6 4.5 5 4.7
Import Prices (points) 118.30 120 120 119 122
Food Inflation (%) 0.70 1.9 2.1 2.6 2.8
Energy Inflation (%) 6.60 15 17 14 12
Producer Price Inflation MoM (%) 1.20 0.4 0.3 0.4 0.3
Wholesale Prices YoY (%) 5.90 7.5 8.9 8.4 7.6
Import Prices YoY (%) 5.30 7.5 8 6.9 4.5
Harmonised Inflation Rate YoY (%) 2.70 3 3.2 3.3 3.2
Wholesale Prices MoM (%) -0.60 0.5 0.3 0.4 0.3
Wholesale Prices (points) 124.30 127 128 128 132

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 2.40 2.4 2.65 2.65 2.65
Interbank Rate (%) 2.23 2.48 2.73 2.73 2.73
Money Supply M2 (EUR Billion) 4062.00 4075 4100 4110 4150
Foreign Exchange Reserves (EUR Million) 507009.00 509700 508800 511000 515000
Loans to Private Sector (EUR Billion) 1985.70 1911 1914 1979 1990
Central Bank Balance Sheet (EUR Billion) 2342.02 2340 2380 2390 2420
Private Debt to GDP (%) 140.70 142

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (EUR Billion) 14.50 11.2 10.1 10.6 10.9
Current Account (EUR Million) 13815.59 16200 21500 15900 24400
Imports (EUR Billion) 122.10 125 127 128 129
Exports (EUR Billion) 136.60 136 137 139 140
Auto Exports (Units) 230700.00 261276 278908 212805 309669
Tourist Arrivals (Thousand) 2338.12 3800 3700 2900 2600
Current Account to GDP (% of GDP) 4.50 3.5

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 65.9
Government Budget (% of GDP) -2.70 -3.6
Government Spending to GDP (% of GDP) 50.50 52

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Manufacturing PMI (points) 50.10 49 48.2 47 48
Services PMI (points) 48.10 46 45 47 49
Business Confidence (points) 84.90 84.2 82 84 87
Composite PMI (points) 48.80 47.9 46.4 48 49
Industrial Production Mom (%) 0.40 -0.6 0.7 -0.2 -0.6
Industrial Production (%) -0.50 -2 -2.3 -1.8 -1.2
Manufacturing Production (%) -1.70 -2.7 -2.6 -2.3 -1.4
Factory Orders (%) -3.80 -1.6 -0.8 1 0.5
Bankruptcies (Companies) 2308.00 1980 1970 2090 2050
Corporate Profits (EUR Billion) 204.92 204 203 202 201
ZEW Economic Sentiment Index (points) 10.50 -8 4 7 1
Car Registrations (Units) 239448.00 295100 215100 225000 265900
Car Production (Units) 301600.00 347696 381555 254589 397746
Ifo Expectations (points) 83.80 83 80.5 82 85
Ifo Current Conditions (points) 86.10 85.5 82.5 84 87
ZEW Current Conditions (points) -81.00 -77.4 -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 (%) -0.30 0.4 0.7 0.3 0.5
Retail Sales YoY (%) -0.30 -0.7 -0.3 0.5 1.1
Consumer Spending (EUR Billion) 483.20 483 482 484 484
Disposable Personal Income (EUR Billion) 673.65 662 671 672 675
Personal Savings (%) 10.10 10.2 10.3 10.5 10.6
Consumer Credit (EUR Million) 236859.00 237016 238960 237820 237333
Bank Lending Rate (%) 4.02 4.27 4.52 4.52 4.52
Gasoline Prices (USD/Liter) 2.33 3.05 2.62 2.18 2.18

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Construction Output (%) 2.60 -2 -2.6 -2.1 -1.7
Housing Index (points) 221.83 223 224 224 224
House Price Index YoY (%) 1.50 2 1.7 1.6 1.7
Construction Orders (%) -7.70 -4 -14 -2 6.5
Construction PMI (points) 42.40 41 42.2 44 43
Building Permits (Units) 17605.00 14933 17987 18936 18749