Markets Actual Q3 Q4 Q1 Q2 2020
Currency 1.12 1.13 1.13 1.12 1.12 1.11
Stock Market (points) 3489.92 3435 3398 3360 3323 3250
Government Bond 10y (%) 0.58 0.94 1.02 1.1 1.19 1.39
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.40 0.2 0.3 0.4 0.3 0.5
GDP Annual Growth Rate (%) 1.20 1.1 1.2 1.4 1.4 1.5
Unemployment Rate (%) 7.50 7.4 7.4 7.3 7.3 7.2
Inflation Rate (%) 1.30 1.2 1.3 1.2 1.3 1.5
Inflation Rate Mom (%) 0.20 0.3 0.5 0.7 0.3 0.4
Interest Rate (%) 0.00 0 0 0 0 0.25
Balance of Trade (EUR Million) 23033.60 11800 12000 20900 20900 13000
Current Account (EUR Billion) 13.32 21.5 29.5 30.1 27.5 25.1
Current Account to GDP (%) 3.00 2.9 2.9 2.7 2.7 2.7
Government Debt to GDP (%) 85.10 83 83 81 81 81
Government Budget (% of GDP) -0.50 -0.8 -0.8 -0.7 -0.7 -0.7
Business Confidence (Index Points) 0.17 0.19 0.22 0.36 0.51 1
Manufacturing PMI 47.60 51.7 52.3 52 52.5 53.1
Services PMI (Index Points) 53.60 52.9 52.8 52.6 53.2 53.3
Consumer Confidence (Index Points) -7.20 -12.4 -9.8 -7.8 -7.2 -6.6
Retail Sales MoM (%) -0.30 -0.7 0.3 0.4 0.2 0.4
Corporate Tax Rate (%) 23.30 23.3 23.3 23.3 23.3 23.3
Personal Income Tax Rate (%) 41.50 41.5 41.5 41.5 41.5 41.5
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.40 0.2 0.3 0.4 0.3 0.5
GDP Annual Growth Rate (%) 1.20 1.1 1.2 1.4 1.4 1.5
GDP (USD Billion) 13669.95 14000 14000 14800 14800 14800
GDP Constant Prices (EUR Billion) 2664.10 2653 2683 2689 2701 2724
Gross Fixed Capital Formation (EUR Billion) 571.94 559 568 569 580 576
GDP per capita (USD) 40978.90 41500 41500 42300 42300 42300
GDP per capita PPP (USD) 40027.90 40500 40500 41200 41200 41200
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 7.50 7.4 7.4 7.3 7.3 7.2
Long Term Unemployment Rate (%) 3.50 3.3 3.3 3.2 3.2 3
Youth Unemployment Rate (%) 15.70 15.5 15.1 14.7 14.5 14
Labour Costs (Index Points) 99.60 109 119 120 102 122
Wage Growth (%) 2.50 2.6 2.4 2.5 2.4 2.4
Population (Million) 340.72 344 342 342 342 342
Employment Change (%) 0.30 0.5 0.4 0.3 0.3 0.3
Labor Force Participation Rate (%) 57.40 58.8 59 59.1 59.2 59.5
Retirement Age Men 64.36 64.5 64.5 64.75 64.75 64.75
Retirement Age Women 63.96 64.2 64.2 64.5 64.5 64.5
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 1.30 1.2 1.3 1.2 1.3 1.5
Inflation Rate Mom (%) 0.20 0.3 0.5 0.7 0.3 0.4
Consumer Price Index CPI (Index Points) 105.41 106 105 105 106 107
Core Consumer Prices (Index Points) 104.72 105 105 104 105 106
Core Inflation Rate (%) 1.10 1.1 1.2 1.4 1.4 1.4
Producer Prices (Index Points) 105.00 107 107 107 107 109
Producer Prices Change (%) 1.60 1.7 1.7 1.8 1.9 1.9
Food Inflation (%) 1.30 1.3 1.5 1.4 1.5 1.7
CPI Housing Utilities (Index Points) 105.05 105 106 106 107 108
CPI Transportation (Index Points) 107.13 108 106 106 107 108
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 0.00 0 0 0 0 0.25
Interbank Rate (%) -0.41 -0.35 -0.35 -0.1 -0.38 -0.1
Money Supply M1 (EUR Million) 8551886.00 8850000 8980000 9090000 9150000 9650000
Money Supply M2 (EUR Million) 12011083.00 12700000 12900000 13200000 13700000 14400000
Foreign Exchange Reserves (USD Billion) 70.31 79 82 82 84 91
Central Bank Balance Sheet (EUR Million) 4690441.00 4820000 4950000 5050000 5110000 5510000
Loans to Private Sector (EUR Million) 11261102.00 11360000 11400000 11260963 11351779 11700000
Deposit Interest Rate (%) -0.40 -0.4 -0.4 -0.4 -0.4 -0.2
Lending Rate (%) 0.25 0.25 0.25 0.25 0.25 0.5
Loan Growth (%) 3.30 3.3 3.4 3.4 3.3 3.3
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (EUR Million) 23033.60 11800 12000 20900 20900 13000
Current Account (EUR Billion) 13.32 21.5 29.5 30.1 27.5 25.1
Current Account to GDP (%) 3.00 2.9 2.9 2.7 2.7 2.7
Imports (EUR Million) 180337.60 169000 166000 170100 176000 172000
Exports (EUR Million) 203371.20 180800 178000 191000 195000 185000
External Debt (EUR Million) 14431879.12 14900000 15000000 15100000 14383815 15400000
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 85.10 83 83 81 81 81
Government Budget (% of GDP) -0.50 -0.8 -0.8 -0.7 -0.7 -0.7
Government Spending (EUR Billion) 546.04 543 552 553 554 560
Government Spending to GDP (%) 46.80 47 47 46.6 46.6 46.6
Government Debt (EUR Million) 9859512.70 10500000 10500000 10900000 10900000 10900000
Taxes Actual Q3 Q4 Q1 Q2 2020
Corporate Tax Rate (%) 23.30 23.3 23.3 23.3 23.3 23.3
Personal Income Tax Rate (%) 41.50 41.5 41.5 41.5 41.5 41.5
Sales Tax Rate (%) 20.80 20.8 20.8 20.8 20.8 20.8
Business Actual Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) 0.17 0.19 0.22 0.36 0.51 1
Manufacturing PMI 47.60 51.7 52.3 52 52.5 53.1
Services PMI (Index Points) 53.60 52.9 52.8 52.6 53.2 53.3
Composite Pmi (Index Points) 52.20 52 52.5 52.2 52.7 53.2
Industrial Production (%) -0.50 0.7 1.5 1.9 1.8 1.8
Industrial Production Mom (%) 0.90 -0.6 0.4 0.4 -0.6 0.3
Manufacturing Production (%) -0.60 0.2 0.8 1.1 1 1.4
Zew Economic Sentiment Index -20.30 -8 -2 1 4 -4
Car Registrations (Thousand) 896.89 951 978 919 936 985
Mining Production (%) -6.50 -4.2 -0.6 1.1 0.9 2.5
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) -7.20 -12.4 -9.8 -7.8 -7.2 -6.6
Retail Sales MoM (%) -0.30 -0.7 0.3 0.4 0.2 0.4
Retail Sales YoY (%) 1.30 1.2 1.1 1.5 1.9 1.7
Consumer Spending (EUR Billion) 1433.28 1425 1441 1444 1453 1463
Disposable Personal Income (EUR Million) 1787679.00 1774637 1791007 1794547 1812707 1817872
Private Sector Credit (EUR Million) 13622056.60 14400000 14900000 13533291 13709679 15400000
Bank Lending Rate (%) 2.00 1.99 1.99 2.24 2.01 2.24
Economic Optimism Index 103.30 102 102 104 105 105
Consumer Credit (EUR Million) 700217.16 679501 694247 695193 699934 704660
Households Debt To GDP (% of GDP) 57.70 55 55 53.7 53.7 53.7
Consumer Confidence Price Trends (Index Points) 21.90 16 15 15.5 16 17
Housing Actual Q3 Q4 Q1 Q2 2020
Construction Output (%) 2.00 2 1.7 1.5 1.8 1.6
Housing Index (Index Points) 115.85 116 117 117 119 121
Construction Pmi 50.80 53.2 52.9 53.4 53 52.5
Home Ownership Rate (%) 66.10 65.9 65.9 65.5 65.5 65.5


This page has economic forecasts for Euro Area including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Euro Area economy.