丹麦10年期国债 (Denmark10Y) 加自选

丹麦的失业率从前两个月的2.5%微升至2025年3月的2.6%。失业人数比上月增加4千人，达到77.1万人。领取失业救济金的净人数增加了4000人，达到683000人，而领取现金援助的人数保持不变，为8800人。与此同时，代表16至24岁求职者的青年失业率稳定在1.1%。

The unemployment rate in Denmark edged up to 2.6% in March 2025, from 2.5% in each of the previous two months. The number of unemployed individuals rose by 0.4 thousand from a month earlier to 77.1 thousand. Net unemployment benefit recipients increased by 0.4 thousand to 68.3 thousand, while cash assistance recipients remained unchanged at 8.8 thousand. Meanwhile, the youth unemployment rate, representing job-seekers aged 16 to 24, held steady at 1.1%.

2025年3月，丹麦的零售额同比增长1.6%，从前一个月0.1%的下降中恢复过来。反弹主要是由于服装（2月份为3.5%对-3.3%）和其他消费品（5.9%对2.2%）的销售额增加。与此同时，食品和其他杂货的贸易下降速度更快（-3.4%对-2.4%）。经季节性调整的月度数据显示，3月份零售活动下降0.1%，为四个月来首次下降，扭转了前一时期0.8%的涨幅。

Retail sales in Denmark rose by 1.6% year-on-year in March 2025, recovering from a 0.1% fall in the previous month. The rebound was mainly due to increased sales for clothing (3.5% vs -3.3% in February) and other consumer goods (5.9% vs 2.2%). Meanwhile, trade declined at a faster pace for food and other groceries (-3.4% vs -2.4%). On a seasonally adjusted monthly basis, retail activity decreased by 0.1% in March, marking the first drop in four months, reversing a 0.8% advance in the preceding period.

丹麦制造业信心指数从前一个月的107.2降至2025年4月的103.6。这是自2024年8月以来制造业信心的最低读数，主要是由于就业预期急剧恶化，转为负值（-1比3月份的15）。此外，家庭对生产的信心略有减弱（15比16），表明前景更加谨慎。

The manufacturing confidence indicator in Denmark dropped to 103.6 in April 2025 from 107.2 in the previous month. This marked the lowest reading in manufacturing confidence since August 2024, primarily driven by a sharp deterioration in employment expectations, which turned negative (-1 vs 15 in March). Additionally, household sentiment toward production weakened slightly (15 vs. 16), suggesting a more cautious outlook.

丹麦消费者信心指数从前一个月的-15.5降至2025年4月的-17.0，达到2023年4月以来的最低水平。与一年前相比，这一下降主要是由于对家庭财务状况的情绪恶化（-10.1对-8.0）以及对未来12个月财务状况的预期（-6.4对-1.9）。与此同时，对当前经济形势（-23.0对-21.6）和未来一年整体经济前景（-31.7对-30.8）的悲观情绪加深。更乐观的是，信心指数中未包括的指标显示，对失业的担忧有所缓解，预计失业率会上升的受访者较少（16.0比17.1）。通胀预期也略有放缓，因为预期来年物价上涨的消费者比例较小（40.8比42.8）。

Denmark’s consumer confidence index dropped to -17.0 in April 2025 from -15.5 in the previous month, reaching its lowest level since April 2023. The decline was largely driven by deteriorating sentiment toward households’ financial situations compared to a year ago (-10.1 vs -8.0) and expectations for their finances over the next twelve months (-6.4 vs -1.9). At the same time, pessimism deepened regarding the current economic climate (-23.0 vs -21.6) and the outlook for the broader economy in the year ahead (-31.7 vs -30.8). On a brighter note, indicators not included in the confidence index showed easing concerns about unemployment, with fewer respondents expecting joblessness to rise (16.0 vs 17.1). Inflation expectations also moderated slightly, as a smaller share of consumers anticipated higher prices in the coming year (40.8 vs 42.8).