南非20年期国债 (SouthAfrica20Y) 加自选

2025年5月，南非的贸易顺差为217亿南非兰特，较前一个月下调后的130亿南非兰特有所扩大。受贵金属和宝石（即黄金和铂族金属）出货量（+30%）的推动，出口在一个月内增长6.3%，达到1760亿南非兰特的六个月高点；蔬菜制品（+17%）；柑橘类水果、贱金属（+12%）和机械电子（+11%）。对欧洲（+14%）、非洲（+4.6%）和亚洲（+3.2%）的出口增加，但对大洋洲（-44.5%）和美洲（-4.2%）出口下降。与此同时，进口增长放缓1.2%，达到1540亿南非兰特，主要是由于购买了矿产品（+13%），主要是原油；贱金属（+9%），即人造刚玉和原始设备部件（+6%），部分被蔬菜产品（-28%）和机械电子（-4%）的下降所抵消。来自非洲（+32.3%）和大洋洲（+11.8%）的进口增加，但来自美洲（-3.4%）、亚洲（-1.9%）和欧洲（-2.2%）的进口下降。

South Africa recorded a trade surplus of ZAR 21.7 billion in May 2025, widening from a downwardly revised ZAR 13 billion in the prior month. Exports climbed by 6.3% over a month to a six-month high of ZAR 176 billion, boosted by shipments of precious metals & stones (+30%), namely gold and PGMs; vegetable products (+17%); citrus fruits, base metals (+12%) and machinery & electronics (+11%). Exports increased to Europe (+14%), Africa (+4.6%) and Asia (+3.2%), but declined to Oceania (-44.5%) and America (-4.2%). Meanwhile, imports rose at a slower 1.2% to ZAR 154 billion, driven by purchases of mineral products (+13%), primarily crude oil; base metals (+9%), namely artificial corundum, and original equipment components (+6%), which were partly offset by declines in vegetable products (-28%) and machinery & electronics (-4%). Imports went up from Africa (+32.3%) and Oceania (+11.8%) but dropped from America (-3.4%), Asia (-1.9%) and Europe (-2.2%).

继上个月增长4.6%之后，南非私营部门信贷在2025年5月同比增长4.98%。这标志着自2023年7月以来的最高增长。与此同时，广义货币供应量M3的扩张从上个月的6.12%上升到2025年5月的6.98%。

South Africa’s private sector credit increased by 4.98% year-on-year in May 2025, following a 4.6% gain in the previous month. This marked the highest growth since July 2023. Meanwhile, expansion in the broadly defined M3 measure of money supply rose to 6.98% in May 2025, from 6.12% in the preceding month.

南非私营部门信贷从之前的4.6%升至5月份的4.98%。南非私营部门信贷从之前的4.6%升至5月份的4.98%

South Africa Private Sector Credit up to 4.98% in May from previous 4.6%.South Africa Private Sector Credit up to 4.98% in May from previous 4.6%

南非FNB/BER消费者信心指数在2025年第二季度为-10，从前三个月的近两年低点-20反弹。尽管该指数仍远低于-1的历史平均水平，但最新数据表明，消费者悲观情绪略有缓解。CCI的所有三个子指数在第二季度都收复了一些失地，经济前景子指数从-32反弹至-18，这得益于取消了计划的增税和解决了联盟的预算僵局。

The FNB/BER Consumer Confidence Index for South Africa came in at -10 in Q2 2025, rebounding from a near two-year low of -20 in the previous three-month period. While the index is still well below the historical average of -1, the latest reading suggests a modest easing in consumer pessimism. All three sub-indices of the CCI recovered some lost ground during Q2, with the economic outlook sub-index rebounding from -32 to -18, supported by the cancellation of planned tax hikes and the resolution of the coalition’s budget impasse.