Europe Radar · Monthly close · 12/2025
30 monthly indicators with 12/2025 data for most countries.
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Key points
- HICP, annual rate of change: The EU-27 stands at 2.3% (-0.4 pp on a year earlier). Spain, 3.0%, ranking 19 of 36. The highest value is Türkiye (30.9%) and the lowest Cyprus (0.1%).
- Core HICP (excluding energy, food, alcohol and tobacco): The EU-27 stands at 2.5% (-0.4 pp on a year earlier). Spain, 3.0%, ranking 21 of 36. The highest value is Türkiye (32.1%) and the lowest Switzerland (0.6%).
- Economic sentiment indicator: The EU-27 stands at 96.9 (+2.6% on a year earlier). Spain, 104.4, ranking 8 of 32. The highest value is Malta (119.1) and the lowest Denmark (89.9).
- Unemployment rate: The EU-27 stands at 5.9% (+0.1 pp on a year earlier). Spain, 10.0%, ranking 31 of 33. The highest value is Bosnia and Herzegovina (11.4%) and the lowest Czechia (3.0%).
- Youth unemployment rate (under 25): The EU-27 stands at 14.3% (+0.6 pp on a year earlier). Spain, 21.5%, ranking 28 of 33. The highest value is North Macedonia (31.1%) and the lowest Germany (5.9%).
- 10-year government bond yield: The EU-27 stands at 3.54% (+0.40 pp on a year earlier). Spain, 3.27%, ranking 14 of 27. The highest value is Hungary (6.89%) and the lowest Denmark (2.71%).
- Consumer price level (HICP): The EU-27 stands at 133.83 (+2.3% on a year earlier). Spain, 128.28, ranking 26 of 36. The highest value is Türkiye (1,348.17) and the lowest Switzerland (107.07).
- HICP energy: The EU-27 stands at -1.1% (-1.8 pp on a year earlier). Spain, 3.2%, ranking 28 of 36. The highest value is Türkiye (29.5%) and the lowest France (-6.7%).
All indicators
| Indicator | EU-27 | Euro area | Spain | Highest | Lowest | Countries |
|---|---|---|---|---|---|---|
| Prices | ||||||
| Consumer price level (HICP) index 2015 = 100 | 133.83 | 129.67 | 128.28 26/36 | Türkiye 1,348.17 | Switzerland 107.07 | 36 |
| HICP, annual rate of change % | 2.3% | 2.0% | 3.0% 19/36 | Türkiye 30.9% | Cyprus 0.1% | 36 |
| Core HICP (excluding energy, food, alcohol and tobacco) % | 2.5% | 2.3% | 3.0% 21/36 | Türkiye 32.1% | Switzerland 0.6% | 36 |
| HICP energy % | -1.1% | -1.9% | 3.2% 28/36 | Türkiye 29.5% | France -6.7% | 36 |
| HICP food, alcohol and tobacco % | 3.1% | 2.6% | 3.2% 13/36 | Türkiye 28.6% | Cyprus -1.4% | 36 |
| HICP services % | 3.8% | 3.4% | 3.9% 14/36 | Türkiye 43.9% | Switzerland 1.2% | 36 |
| HICP non-energy industrial goods % | 0.4% | 0.3% | 0.7% 17/36 | Türkiye 20.8% | Cyprus -3.1% | 36 |
| HICP alcoholic beverages and tobacco % | 3.9% | 2.8% | 4.4% 23/36 | Türkiye 30.8% | Latvia 0.4% | 36 |
| HICP clothing and footwear % | 0.3% | 0.3% | 0.6% 21/36 | Romania 7.0% | Cyprus -7.9% | 36 |
| HICP furnishings and household equipment % | 0.3% | 0.2% | 0.7% 21/36 | Türkiye 24.9% | Sweden -4.4% | 36 |
| HICP health % | 3.5% | 2.9% | 2.3% 8/36 | Türkiye 30.9% | Bulgaria -6.8% | 36 |
| HICP information and communication % | -0.6% | -1.2% | 0.6% 20/36 | Türkiye 18.8% | Georgia -4.7% | 36 |
| HICP recreation, sport and culture % | 2.1% | 1.8% | 1.3% 2/36 | Türkiye 27.9% | France 0.8% | 36 |
| HICP education services % | 4.5% | 3.7% | 2.6% 11/36 | Türkiye 66.3% | Croatia -1.0% | 36 |
| HICP insurance and financial services % | 4.2% | 4.3% | 4.9% 28/36 | Türkiye 20.4% | Estonia -13.1% | 36 |
| HICP personal care and miscellaneous goods and services % | 3.0% | 2.9% | 3.0% 15/36 | Türkiye 30.7% | Norway -0.2% | 36 |
| HICP electricity % | 0.8% | -1.2% | 12.6% 30/35 | Romania 60.9% | France -14.2% | 35 |
| HICP natural gas % | -3.6% | -4.0% | 2.0% 19/29 | Türkiye 38.1% | Denmark -20.9% | 29 |
| HICP diesel % | -1.0% | -1.1% | -1.1% 20/35 | Türkiye 24.0% | Estonia -9.9% | 35 |
| HICP petrol % | -2.4% | -2.1% | -3.5% 10/35 | Türkiye 25.2% | Sweden -12.9% | 35 |
| Business and activity | ||||||
| Industrial production index 2021 = 100 | — | — | 95.6 23/36 | Türkiye 132.2 | Ukraine 72.5 | 36 |
| Retail trade, volume of sales index 2021 = 100 | — | — | 131.7 10/35 | Türkiye 230.6 | Estonia 104.9 | 35 |
| Economic sentiment indicator index (average = 100) | 96.9 | 96.8 | 104.4 8/32 | Malta 119.1 | Denmark 89.9 | 32 |
| Consumer confidence balance | -14.1 | -14.2 | -2.6 3/32 | Malta 4.7 | Greece -47.0 | 32 |
| Industrial confidence balance | -12.4 | -12.4 | -4.8 14/32 | Malta 12.0 | Luxembourg -28.8 | 32 |
| Labour market and productivity | ||||||
| Unemployment rate % of labour force | 5.9% | 6.2% | 10.0% 31/33 | Bosnia and Herzegovina 11.4% | Czechia 3.0% | 33 |
| Youth unemployment rate (under 25) % of labour force | 14.3% | 13.9% | 21.5% 28/33 | North Macedonia 31.1% | Germany 5.9% | 33 |
| Unemployed persons thousand persons | 13,065 | 10,947 | 2,476 | Türkiye 2,699 | Iceland 10 | 33 |
| External sector and financing | ||||||
| 10-year government bond yield % | 3.54% | — | 3.27% 14/27 | Hungary 6.89% | Denmark 2.71% | 27 |
| Real effective exchange rate (42 partners, CPI-deflated) index 2015 = 100 | 120.44 | 114.80 | 105.59 16/30 | Czechia 137.96 | Türkiye 67.63 | 30 |
Previous reports
09/2026 · 08/2026 · 07/2026 · 06/2026 · 05/2026 · 04/2026 · 03/2026 · 02/2026 · 01/2026 · 11/2025 · 10/2025