克罗地亚10年期国债 (Croatia10Y) 加自选

初步数据显示，克罗地亚的年通货膨胀率从上个月的3.2%降至2025年4月的3.1%，为五个月来的最低水平。食品、饮料和烟草（4.1%）、能源（1.1%）、无能源的非食品工业品（0.3%）和服务（6.1%）的价格上涨。在3月份上涨0.4%之后，消费者价格指数每月上涨0.6%。

The annual inflation rate in Croatia eased to 3.1% in April 2025, the lowest in five months, from 3.2% in the previous month, preliminary data showed. Prices rose for food, beverages & tobacco (4.1%), energy (1.1%), non-food industrial goods without energy (0.3%), and services (6.1%). On a monthly basis, consumer prices went up by 0.6%, following a 0.4% increase in March.

2025年3月，克罗地亚的工业生产同比增长3.1%，较上月5.4%的增长有所放缓。这标志着自去年11月收缩以来最疲软的增长，受制造业产出增长放缓（3.6%对2月份的3.8%）的拖累，部分原因是纺织品（-20.6%对-4.2%）、服装（-21.4%对-19.6%）和皮革（-18%对-0.5%）的产量大幅下降。电力、天然气、蒸汽和空调的产出增长也放缓（3.4%对10.1%），而采矿和采石活动继续萎缩（-5.7%对-1.9%）。工业生产在2月份下降3.9%后，每月下降1.9%。第一季度，工业活动比去年同期增长5.2%。

Croatia’s industrial production rose by 3.1% year-on-year in March 2025, easing from a 5.4% increase in the previous month. This marks the weakest growth since a contraction in November last year, weighed down by a slower rise in manufacturing output (3.6% vs. 3.8% in February), partly due to sharp declines in the production of textiles (-20.6% vs. -4.2%), wearing apparel (-21.4% vs. -19.6%), and leather (-18% vs. -0.5%). Output growth also slowed for electricity, gas, steam, and air conditioning (3.4% vs. 10.1%), while mining and quarrying activity continued to contract (-5.7% vs. -1.9%). On a monthly basis, industrial production fell by 1.9%, following a 3.9% drop in February. For the first quarter, industrial activity was 5.2% higher compared to the same period last year.

2025年3月，克罗地亚的零售额同比增长3.6%，高于上个月2.6%的六个月低点。这一增长是由汽车燃料和润滑油（2月份为7.7%对3.2%）、非食品（7.7%对4.7%）以及通过互联网或邮件销售（7.2%对6.8%）的增长推动的。此外，食品、饮料和烟草的贸易下降速度较慢（-2.2%对-4.7%）。按月计算，3月份零售活动增长1.4%，从前一时期0.9%的跌幅反弹。

Retail sales in Croatia rose by 3.6% year-on-year in March 2025, accelerating from a six-month low of 2.6% increase in the previous month. The increase was driven by higher sales of automotive fuels & lubricants (7.7% vs 3.2% in February), non-food products (7.7% vs 4.7%), and sales via internet or via mail (7.2% vs 6.8%). Additionally, trade declined at a softer pace for food, beverages and tobacco (-2.2% vs -4.7%). On a monthly basis, retail activity advanced by 1.4% in March, rebounding from a 0.9% drop in the preceding period.

DBRS Ratings于2025年4月25日将克罗地亚共和国的长期外国发行人评级定为“A”，前景稳定，理由是该国可靠的政策框架以及欧盟和欧元区成员国身份。该评级还反映了强劲的经济增长、健全的财政管理和公共债务的下降。这些积极因素受到结构性挑战的影响，包括依赖旅游业的小型经济、人口老龄化和萎缩以及劳动生产率低。该机构表示，稳定的前景反映了其观点，即克罗地亚强劲的增长前景、审慎的财政政策和较低的公共债务有助于抵消宏观经济和地缘政治挑战中潜在的短期赤字风险。预计经济表现将优于地区同行。标准普尔对克罗地亚的信用评级为A-，前景乐观。穆迪对克罗地亚的信用评级最后定为A3，前景稳定。

DBRS Ratings assigned long-term foreign issuer ratings of "A" to the Republic of Croatia with a stable outlook on April 25, 2025, citing the country's credible policy framework and EU and Euro Area membership. The rating also reflects strong economic growth, sound fiscal management, and declining public debt. These positives are tempered by structural challenges, including a small, tourism-dependent economy, an aging and shrinking population, and low labor productivity. The agency said that the stable outlook reflects its view that Croatia’s strong growth outlook, prudent fiscal policies, and low public debt help offset risks from potential short-term deficits amid macroeconomic and geopolitical challenges. The economy is expected to outperform regional peers. Standard & Poor's credit rating for Croatia stands at A- with positive outlook. Moody's credit rating for Croatia was last set at A3 with stable outlook.