Markets Actual Q4/26 Q1/27 Q2/27 Q3/27
Stock Market (points) 6125.00 5947 5758 5610 5465
Currency 1.12 1.12 1.13 1.14 1.14
Government Bond 10Y (%) 4.02 4 3.92 3.86 3.8

Overview Actual Q4/26 Q1/27 Q2/27 Q3/27
GDP Growth Rate (%) 0.60 0.2 0.3 0.3 0.2
GDP Annual Growth Rate (%) 1.20 0.7 0.8 1.1 1.2
Unemployment Rate (%) 6.40 6.4 6.4 6.5 6.5
Inflation Rate (%) 3.80 3.6 3.3 3.1 2.9
Inflation Rate MoM (%) 0.60 0.1 0.3 0.3 0.2
Interest Rate (%) 2.65 2.9 3.15 3.15 3.15
Balance of Trade (EUR Million) -16109.50 11000 34000 5000 13000
Current Account (EUR Billion) 7.70 32 29 28 30
Services PMI (points) 51.70 51 51.8 52 51.9
Manufacturing PMI (points) 52.40 50.4 50.7 51 50.9
Business Confidence (points) -0.06 -0.2 -0.4 -0.3 -0.2
Consumer Confidence (points) -17.90 -19 -18 -17 -16
Retail Sales MoM (%) 0.10 0.4 0.3 -0.3 0.2
Current Account to GDP (% of GDP) 1.60 1
Government Debt to GDP (% of GDP) 87.70 90.2
Government Budget (% of GDP) -3.00 -3.3

GDP Actual Q4/26 Q1/27 Q2/27 Q3/27
GDP Growth Rate (%) 0.60 0.2 0.3 0.3 0.2
GDP Annual Growth Rate (%) 1.20 0.7 0.8 1.1 1.2
GDP Constant Prices (EUR Billion) 3132.23 3134 3137 3167 3170
Gross Fixed Capital Formation (EUR Billion) 656.52 662 662 664 664
GDP (USD Billion) 18010.00 18172
GDP per Capita (USD) 38166.98 38510
GDP per Capita PPP (USD) 56676.73 57187
Full Year GDP Growth (%) 1.40 0.9

Labour Actual Q4/26 Q1/27 Q2/27 Q3/27
Unemployment Rate (%) 6.40 6.4 6.4 6.5 6.5
Employed Persons (Million ) 153.98 154 154 155 155
Unemployed Persons (Thousand) 11357.00 11400 11450 11490 11510
Long Term Unemployment Rate (%) 2.00 2 2 2.1 2.1
Youth Unemployment Rate (%) 15.00 15 15 15.1 15.1
Productivity (points) 105.38 106 106 106 106
Wages (EUR/Month) 2708.00 2732 2784 2781 2778
Wage Growth (%) 3.00 3 2.8 2.7 2.6
Negotiated Wage Growth (%) 2.44 2.7 2.6 2.5 2.4
Employment Change YoY (%) 0.50 0.4 0.4 0.3 0.3
Employment Change (%) 0.10 0.1 0.1 0.2 0.2
Population (Million) 353.16 353

Prices Actual Q4/26 Q1/27 Q2/27 Q3/27
Inflation Rate (%) 3.80 3.6 3.3 3.1 2.9
Inflation Rate MoM (%) 0.60 0.1 0.3 0.3 0.2
Consumer Price Index CPI (points) 104.31 104 105 106 107
Core Inflation Rate (%) 2.50 2.8 3.1 3 2.9
Core Consumer Prices (points) 103.31 104 105 106 106
GDP Deflator (points) 122.81 126 126 127 126
Producer Prices (points) 134.30 137 138 138 139
Producer Prices Change (%) 8.20 9.5 7 6.2 3.8
Food Inflation (%) 1.00 2.5 2.7 2.6 2.3
Inflation Expectations (%) 3.10 3.6 3.3 3 2.8
Energy Inflation (%) 18.80 14.7 12 6.5 4
Producer Price Inflation MoM (%) 1.90 0.3 0.2 0.3 0.4
CPI Transportation (points) 109.41 110 110 110 110
CPI Housing Utilities (points) 105.19 104 105 106 108

Money Actual Q4/26 Q1/27 Q2/27 Q3/27
Interest Rate (%) 2.65 2.9 3.15 3.15 3.15
Money Supply M2 (EUR Million) 16447405.00 16510000 16490000 16470000 16490000
Loans to Private Sector (EUR Million) 5499715.00 5548656 5578970 5608205 5630691
Deposit Interest Rate (%) 2.50 2.75 3 3 3
Lending Rate (%) 2.90 3.15 3.4 3.4 3.4
Loan Growth (%) 3.10 2.9 2.7 2.6 2.4

Trade Actual Q4/26 Q1/27 Q2/27 Q3/27
Balance of Trade (EUR Million) -16109.50 11000 34000 5000 13000
Current Account (EUR Billion) 7.70 32 29 28 30
Exports (EUR Million) 227681.40 236000 288000 244000 259000
Imports (EUR Million) 248790.90 225000 254000 239000 246000
Current Account to GDP (% of GDP) 1.60 1

Business Actual Q4/26 Q1/27 Q2/27 Q3/27
Services PMI (points) 51.70 51 51.8 52 51.9
Manufacturing PMI (points) 52.40 50.4 50.7 51 50.9
Business Confidence (points) -0.06 -0.2 -0.4 -0.3 -0.2
Composite PMI (points) 51.90 50.8 51.4 52 51.8
Industrial Production (%) -1.10 0.4 1.1 1.2 1.5
Industrial Production Mom (%) -0.50 0.1 -0.2 0.5 -0.3
Manufacturing Production (%) -1.70 0.2 1 0.9 1.2
Capacity Utilization (%) 77.90 77.2 77.3 77.4 77.7
ZEW Economic Sentiment Index (points) 18.50 15 7 4 5
Car Registrations (Units) 810088.50 862550 849400 836000 857200
Industrial Sentiment (points) -3.80 -9 -8 -7 -7
Services Sentiment (points) 6.10 2 3 2 2

Consumer Actual Q4/26 Q1/27 Q2/27 Q3/27
Consumer Confidence (points) -17.90 -19 -18 -17 -16
Retail Sales MoM (%) 0.10 0.4 0.3 -0.3 0.2
Retail Sales YoY (%) 0.80 0.2 0.7 1.2 1.4
Consumer Spending (EUR Billion) 1667.46 1672 1674 1686 1687
Disposable Personal Income (EUR Million) 2483578.00 2468430 2503447 2510897 2513381
Personal Savings (%) 14.18 14.7 14.8 15.1 14.9
Bank Lending Rate (%) 4.03 4.28 4.53 4.53 4.53
Economic Optimism Index (points) 97.90 94 95 97 98
Consumer Credit (EUR Million) 845425.00 851891 854492 861034 866995

Housing Actual Q4/26 Q1/27 Q2/27 Q3/27
Construction Output (%) 1.40 -2.1 -1.7 -1.4 -0.7
Housing Index (points) 159.88 162 163 165 165
Construction PMI (points) 43.40 42 44 45 46

Government Actual Q4/26 Q1/27 Q2/27 Q3/27
Government Debt to GDP (% of GDP) 87.70 90.2
Government Budget (% of GDP) -3.00 -3.3
Government Spending to GDP (% of GDP) 49.80 50.5