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CURRENT ECONOMIC INDICATORS EURO ZONE

March 20, 201

Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13

Euro area 2.6 2.5 2.2 2.2 2.0 1.8

Germany 2.1 2.1 1.9 2.0 1.9 1.8

France 2.2 2.1 1.6 1.5 1.4 1.2

Italy 3.4 2.8 2.6 2.6 2.4 2.0

Spain 3.5 3.5 3.0 3.0 2.8 2.9

'Core' euro area HICP

1.5 1.5 1.4 1.5 1.3 1.3

M1 5.0 6.5 6.7 6.3 6.7 -

M3 2.6 3.9 3.8 3.4 3.5 -

Private sector credit growth -1.2 -1.5 -1.6 -0.8 -1.1 -Private sector loan growth -0.9 -0.8 -0.8 -0.7 -0.9 -

Unemployment rate, % 11.6 11.7 11.8 11.8 11.9 -

Unemployment, m/m change (000s) 157 237 111 33 201 -

Industrial orders - - - - - -

Industrial production -1.9 -0.8 -0.8 0.9 -0.4 -

Retail sales (ex autos) -1.6 -0.5 0.2 -0.8 1.2 -

Euro area composite PMI (50 = no change) - - - - - -

Euro area manufacturing PMI (50 = no change) - - - - - -

Euro area services PMI (50 = no change) - - - - - -

German Ifo business climate 101.4 100.1 101.5 102.5 104.3 107.4

French INSEE business sentiment 86 85 86 87 87 87

Italy ISTAT business confidence 88.5 87.8 88.5 89.0 88.3 88.5

*Data shown in grey italics are preliminary/'flash' estimates. HICP excluding energy, food, alcohol and tobacco

Survey data use differing methodologies; therefore index levels of each survey are not comparable across economies.

Survey readings (indices)

HICP inflation, % y/y

Euro area money and credit, % y/y

Labour market

Euro area conjunctural activity indicators, % m/m

Monthly economic indicators*

Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13

ECB refi rate, % 0.75 0.75 0.75 0.75 0.75 0.75

Germany: 2-year government yield, % 0.01 0.03 -0.02 -0.04 0.26 0.02

Germany: 5-year government yield, % 0.53 0.55 0.45 0.39 0.77 0.48

Germany: 10-year government yield, % 1.54 1.60 1.47 1.38 1.65 1.52

Italy: 10-year government yield, % 5.18 4.95 4.51 4.53 4.33 4.76

EUR/USD 1.29 1.30 1.28 1.31 1.33 1.34

Euro TWI (broad measure, index)#

106.62 107.21 106.66 108.23 109.81 111.06

Euro Stoxx 50 2,531 2,503 2,514 2,626 2,715 2,630

Nominal effective exchange rate weighted by 41 largest euro area trading partners. Q1-99 = 100. Rising index denotes euro appreciation.

n per o

Monthly financial indicators**

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CURRENT ECONOMIC INDICATORS EURO ZONE

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Q3-11 Q4-11 Q1-12 Q2-12 Q3-12 Q4-12

Euro area 0.1 -0.3 -0.1 -0.2 -0.1 -0.6

Germany 0.4 -0.1 0.5 0.3 0.2 -0.6

France 0.2 0.1 -0.1 -0.1 0.1 -0.3

Italy -0.1 -0.8 -0.9 -0.7 -0.2 -0.9

Spain 0.0 -0.5 -0.4 -0.4 -0.3 -0.8

Euro area 0.1 0.6 1.0 1.2 1.4 1.9

Real labour productivity per hour worked 1.1 0.8 0.9 1.0 0.5 0.6

Real unit labour costs -0.1 0.2 0.2 0.2 0.4 0.2

Negotiated wages 2.1 2.0 2.0 2.2 2.2 2.2

Businesses 2 16 35 9 10 15

Households (for house purchases) 9 18 29 17 13 12

Real GDP 1.9 1.8 1.8 1.8 1.8 1.8

HICP 2.0 2.0 2.0 2.0 2.0 2.0

ECB surveys

Bank Lending Survey: change in credit standards (net balance)

Survey of Professional Forecasters (mean 5-year ahead forecasts, % y/y)

Quarterly economic indicators

Real GDP, % q/q (non-annualised)

Current account (% GDP)

Euro area productivity, costs and wages (% y/y)