保加利亚10年期国债 (Bulgaria10Y) 加自选

保加利亚的商业信心指数从前一个月的18.2微升至2025年6月的18.4。工业企业家认为目前的生产活动是有利的（5月份为5.9对4.8），他们对订单水平不那么悲观（-14对-16.1）。然而，生产活动（13.8比18.9）和就业（7.5比7.9）的3个月前景恶化。不确定的经济环境和劳动力短缺仍然是企业发展的主要障碍。与此同时，大多数经理人预计，未来3个月，该行业的销售价格将保持不变。

Bulgaria’s business confidence indicator rose slightly to 18.4 in June 2025 from 18.2 in the previous month. Industrial entrepreneurs assessed the present production activity as favorable (5.9 vs 4.8 in May) and they were less pessimistic about the level of orders (-14 vs -16.1). However, the 3-month outlook for production activity (13.8 vs 18.9) and employment (7.5 vs 7.9) deteriorated. The uncertain economic environment and shortage of labour continue to be the main obstacles for the business development. Meanwhile, most managers expect selling prices in the industry to remain unchanged over the next 3 months.

2025年5月，保加利亚生产者价格指数同比上涨7.2%，较上月12.3%的涨幅有所放缓。这标志着生产者价格连续第七个月上涨，但为2024年12月以来的最低水平，因为所有子指数的成本和成本都有所缓和，即：；采矿和采石（4月份为22.7%对24%）、电力、天然气、蒸汽和空调供应（18.9%对39.9%）以及制造业（8.1%对9.2%）。按月计算，5月份生产者价格指数下跌2.1%，较前一时期4.4%的跌幅有所缓解。

Producer prices in Bulgaria rose by 7.2% year-on-year in May 2025, slowing from a 12.3% advance in the previous month. This marked the seventh consecutive month of increase in producer prices but the softest since December 2024, as costs as costs moderated for all sub indices, namely; mining and quarrying (22.7% vs 24% in April), electricity, gas, steam and air-conditioning supply (18.9% vs 39.9%), and manufacturing (8.1% vs 9.2%). On a monthly basis, producer prices fell by 2.1% in May, easing from a 4.4% drop in the preceding period.

继上个月增长0.6%之后，保加利亚的游客人数在2025年5月同比增长0.5%，达到八个月来的最高点997.6万人。休闲和游览目的（8%）和商务目的（2%）的旅行有所增加，而其他目的（-5.8%）的旅行则有所下降。欧盟占保加利亚总访问量的59%，罗马尼亚（41.6%）是最大的访问国，其次是希腊（-23.3%）。与此同时，来自其他欧洲国家的游客占总数的34.5%，主要来自土耳其（54.7%）。

The number of tourist arrivals in Bulgaria rose by 0.5% year-on-year to an eight-month high of 997.6 thousand in May 2025, following a 0.6% advance in the previous month. An increase was registered in trips for leisure and excursion purposes (8%) and business purposes (2%), while those for other purposes (-5.8%) declined. The EU constituted 59% of the total visits to Bulgaria, with Romania (41.6%) being the largest contributor, followed by Greece (-23.3%). Meanwhile, arrivals from the other European countries accounted for 34.5% of the total, mainly from Turkey (54.7%).

保加利亚在2025年4月的经常账户赤字为7.249亿欧元，比去年同期的5.058亿欧元大幅扩大。这是自2022年1月以来最大的月度缺口，主要是由于商品贸易逆差显著增加，从2024年4月的4.609亿欧元增至8.248亿欧元。与此同时，包括汇款和其他经常性转账在内的二级收入盈余略低于一年前的9410万欧元，降至9330万欧元。另一方面，服务盈余从5.453亿欧元小幅增加到5.463亿欧元，而初级收入赤字从6.844亿欧元大幅缩小到5.397亿欧元。

Bulgaria posted a current account deficit of €724.9 million in April 2025, sharply widening from €505.8 million recorded in the same month of the previous year. This marked the largest monthly shortfall since January 2022, primarily driven by a notable increase in the goods trade deficit, which rose to €824.8 million from €460.9 million in April 2024. Meanwhile, the surplus in secondary income—which includes remittances and other current transfers—edged slightly lower to €93.3 million from €94.1 million a year earlier. On the other hand, the services surplus saw a modest increase to €546.3 million from €545.3 million, while the deficit in primary income narrowed significantly to €539.7 million from €684.4 million.