Markets Actual Q1/26 Q2/26 Q3/26 Q4/26
Currency 1.18 1.18 1.19 1.2 1.21
Stock Market (points) 6140.50 6062 5802 5644 5490
Government Bond 10Y (%) 3.09 3.07 3 2.96 2.92

Overview Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 0.30 0.3 0.4 0.4 0.3
GDP Annual Growth Rate (%) 1.30 1.2 1.1 1.2 1.4
Unemployment Rate (%) 6.20 6.2 6.2 6.1 6.1
Inflation Rate (%) 1.70 1.9 2.1 2 1.8
Inflation Rate MoM (%) -0.50 0.3 0.2 0.3 0.1
Interest Rate (%) 2.15 2.15 2.15 2.15 2.15
Balance of Trade (EUR Million) 12624.50 35000 5000 7000 10000
Current Account (EUR Billion) 34.58 32 32 36 32
Business Confidence (points) -0.39 -1 -0.8 -0.6 -0.5
Services PMI (points) 51.80 52 51.6 51.5 51.4
Manufacturing PMI (points) 50.80 51.5 52.3 51.9 51.5
Consumer Confidence (points) -12.20 -13 -14 -13 -16
Retail Sales MoM (%) -0.50 0.4 -0.4 0.3 0.4
Current Account to GDP (% of GDP) 1.60 2.5
Government Debt to GDP (% of GDP) 87.10 88.1
Government Budget (% of GDP) -3.10 -3.3

GDP Actual Q1/26 Q2/26 Q3/26 Q4/26
GDP Growth Rate (%) 0.30 0.3 0.4 0.4 0.3
GDP Annual Growth Rate (%) 1.30 1.2 1.1 1.2 1.4
GDP Constant Prices (EUR Billion) 3082.53 3096 3097 3109 3126
Gross Fixed Capital Formation (EUR Billion) 643.11 655 644 651 652
GDP (USD Billion) 16406.13 16603
GDP per Capita (USD) 38145.12 38603
GDP per Capita PPP (USD) 56326.23 57002
Full Year GDP Growth (%) 1.50 1.2

Labour Actual Q1/26 Q2/26 Q3/26 Q4/26
Unemployment Rate (%) 6.20 6.2 6.2 6.1 6.1
Employed Persons (Million ) 153.73 154 154 155 155
Unemployed Persons (Thousand) 10792.00 10780 10500 10710 10850
Long Term Unemployment Rate (%) 2.00 2 2 1.9 1.9
Youth Unemployment Rate (%) 14.30 14.3 14.3 14.2 14.2
Productivity (points) 104.10 104 105 105 105
Wages (EUR/Month) 2654.00 2670 2684 2715 2707
Wage Growth (%) 3.00 2.6 2.2 2.3 2
Employment Change YoY (%) 0.60 0.3 0.7 1.1 0.9
Negotiated Wage Growth (%) 2.95 2.3 1.7 1.8 1.5
Employment Change (%) 0.20 0.3 0.2 0.2 0.2
Population (Million) 351.38 352

Prices Actual Q1/26 Q2/26 Q3/26 Q4/26
Inflation Rate (%) 1.70 1.9 2.1 2 1.8
Inflation Rate MoM (%) -0.50 0.3 0.2 0.3 0.1
Consumer Price Index CPI (points) 100.08 101 102 103 102
Core Consumer Prices (points) 99.82 101 103 103 103
Core Inflation Rate (%) 2.20 2.2 2 1.9 1.8
GDP Deflator (points) 120.44 121 122 123 123
Producer Prices (points) 124.50 128 126 126 127
Producer Prices Change (%) -2.10 1.1 1.5 2.1 1.9
Food Inflation (%) 2.50 2.7 2 2.2 2.4
Energy Inflation (%) -1.90 1.5 1.9 2.5 1.7
Producer Price Inflation MoM (%) -0.30 0.3 0.4 0.4 0.2
Inflation Expectations (%) 2.80 3.2 3 2.7 2.5
CPI Housing Utilities (points) 100.33 102 102 102 102
CPI Transportation (points) 100.55 101 101 101 101

Money Actual Q1/26 Q2/26 Q3/26 Q4/26
Interest Rate (%) 2.15 2.15 2.15 2.15 2.15
Money Supply M2 (EUR Million) 16073522.00 15550000 15510000 15480000 15710000
Loans to Private Sector (EUR Million) 5324307.00 5375723 5380822 5404577 5436117
Lending Rate (%) 2.40 2.4 2.4 2.4 2.4
Loan Growth (%) 3.00 2.9 2.5 2.3 2.1
Deposit Interest Rate (%) 2.00 2 2 2 2

Trade Actual Q1/26 Q2/26 Q3/26 Q4/26
Balance of Trade (EUR Million) 12624.50 35000 5000 7000 10000
Current Account (EUR Billion) 34.58 32 32 36 32
Imports (EUR Million) 221336.70 249000 234000 233000 220000
Exports (EUR Million) 233961.20 284000 239000 240000 230000
Current Account to GDP (% of GDP) 1.60 2.5

Business Actual Q1/26 Q2/26 Q3/26 Q4/26
Business Confidence (points) -0.39 -1 -0.8 -0.6 -0.5
Services PMI (points) 51.80 52 51.6 51.5 51.4
Manufacturing PMI (points) 50.80 51.5 52.3 51.9 51.5
Composite PMI (points) 51.90 52 51.9 51.6 51
Industrial Production (%) 1.20 0.5 1.4 1.6 1.2
Industrial Production Mom (%) -1.40 0.5 0.4 0.4 0.4
Manufacturing Production (%) 1.40 0.1 2 1.8 1.7
Capacity Utilization (%) 78.20 78.1 78.4 78.6 79
ZEW Economic Sentiment Index (points) 39.40 12 9 5 8
Car Registrations (Units) 759161.00 745400 727000 751500 762550
Services Sentiment (points) 7.20 3 -2 1 5
Industrial Sentiment (points) -6.80 -6.7 -7 -8 -6

Consumer Actual Q1/26 Q2/26 Q3/26 Q4/26
Consumer Confidence (points) -12.20 -13 -14 -13 -16
Retail Sales MoM (%) -0.50 0.4 -0.4 0.3 0.4
Retail Sales YoY (%) 1.30 1.4 0.9 1.2 1.1
Consumer Spending (EUR Billion) 1623.33 1636 1639 1643 1646
Disposable Personal Income (EUR Million) 2433201.00 2426994 2448532 2462399 2467266
Personal Savings (%) 15.11 14.6 14.5 14.4 14.2
Consumer Credit (EUR Million) 812223.00 794119 802574 812737 823594
Economic Optimism Index (points) 99.40 99.5 98.9 97.5 97
Bank Lending Rate (%) 3.67 3.67 3.67 3.67 3.67

Housing Actual Q1/26 Q2/26 Q3/26 Q4/26
Construction Output (%) -0.90 1.2 1.5 2 1.1
Housing Index (points) 155.29 153 156 158 158
Construction PMI (points) 45.30 49.9 50 50.5 50.9

Government Actual Q1/26 Q2/26 Q3/26 Q4/26
Government Debt to GDP (% of GDP) 87.10 88.1
Government Budget (% of GDP) -3.10 -3.3
Government Spending to GDP (% of GDP) 49.50 50.2