Germany

Trade Balance
€14.5 B
GDP q/q
0.3%
CPI y/y
2.6%
Current Account n.s.a.
€13.8 B
Unemployment Rate
6.3%
Overview Economic Calendar
2-Year Note Auction
2.59%
10-Year Bond Auction
3.06%
Import Price Index m/m
1.2%
Forecast
1.8%
Export Price Index m/m
0.8%
Forecast
0.1%
Wholesale Price Index m/m
-0.6%
Forecast
0.8%
Last
Reference
Previous
Frequency
PPI m/m
1.2%
Apr 2026
Monthly
PPI y/y
1.7%
Apr 2026
Monthly
CPI m/m
-0.2%
May 2026
Monthly
CPI y/y
2.6%
May 2026
Monthly
HICP m/m
-0.1%
May 2026
Monthly
HICP y/y
2.7%
May 2026
Monthly
Unemployment Change
-12 K
Forecast
16 K
Unemployment Rate
6.3%
Forecast
6.4%
Unemployment n.s.a.
2.950 M
Forecast
3.017 M
Last
Reference
Previous
Frequency
Unemployment
2.987 M
May 2026
Monthly
GDP q/q
0.3%
Forecast
0.3%
Exports m/m
0.9%
Forecast
0.7%
Imports m/m
1.2%
Forecast
-1.1%
Trade Balance
€14.5 B
Forecast
€16.0 B
Last
Reference
Previous
Frequency
Current Account n.s.a.
€13.8 B
Apr 2026
Monthly
Trade Balance n.s.a.
€14.2 B
Apr 2026
Monthly
Industrial Production m/m
0.4%
Forecast
-1.8%
Factory Orders m/m
-3.8%
Forecast
0.1%
Ifo Business Expectations
89.7
Forecast
90.1
Last
Reference
Previous
Frequency
Ifo Current Business Situation
85.6
Dec 2025
Monthly
Ifo Business Climate
87.6
Dec 2025
Monthly
ZEW Economic Sentiment Indicator
59.6
Jan 2026
Monthly
ZEW Economic Situation
-72.7
Jan 2026
Monthly
New Car Registrations m/m
-3.9%
May 2026
Monthly
New Car Registrations y/y
0.1%
May 2026
Monthly
S&P Global Manufacturing PMI
50.1
May 2026
Monthly
S&P Global Services PMI
48.8
May 2026
Monthly
S&P Global Composite PMI
48.8
May 2026
Monthly
S&P Global Construction PMI
42.4
May 2026
Monthly
Retail Sales m/m
-0.3%
Forecast
0.4%
GfK Consumer Climate
N/D
Forecast
-22.5