拉脱维亚10年期国债 (Latvia10Y) 加自选

由于出口增长超过进口，拉脱维亚的贸易逆差从去年同期的3.18亿欧元缩小到2025年4月的2.68亿欧元。出口同比增长8.9%，达到16.719亿欧元，主要得益于矿物燃料、矿物油及其蒸馏产品（59.6%）、乳制品、鸟蛋、天然蜂蜜（42.3%）和药品（24.9%）的销售增长。对欧盟（11.2%）和其他国家（11%）的出口增加，而对独联体（-14.1%）的出口下降。与此同时，进口增长4.7%，至19.399亿欧元，主要原因是矿物燃料、矿物油及其蒸馏产品（40.5%）、光学、医疗或手术器械和仪器（24%）以及药品（14.6%）的购买量增加。来自欧盟（6.1%）和其他国家（9.7%）的进口都有所增加，而来自独联体的入境人数大幅下降（-50.4%）

Latvia’s trade deficit narrowed to EUR 268 million in April 2025 from EUR 318 million in the same month last year, as exports rose more than imports. Year-on-year, exports advanced by 8.9% to EUR 1,671.9 million, driven by higher sales of mineral fuels, mineral oils and products of their distillation (59.6%), dairy produce, bird’s eggs, natural honey (42.3%), and pharmaceutical products (24.9%). Shipments to the EU (11.2%) and other countries (11%) rose, while exports to CIS (-14.1%) dropped. Meanwhile, imports increased at a softer 4.7% to EUR 1,939.9 million, mainly due to increased purchases of mineral fuels, mineral oils and products of their distillation (40.5%), optical, medical or surgical instruments and apparatus (24%), and pharmaceutical products (14.6%). Imports from both EU (6.1%) and other countries (9.7%) increased, while arrivals dropped significantly from CIS (-50.4%)

拉脱维亚的年通货膨胀率从上个月的20个月高点3.9%降至2025年5月的3.6%。经济放缓的主要原因是酒精饮料和烟草制品（4月份为7.3%对8%）、服装和鞋类（0.7%对1.4%）以及杂项商品和服务（0.7%对5.4%）的通胀率下降。此外，运输成本连续第三个月下降（-4.2%对-1.3%）。另一方面，食品和非酒精饮料（7.5%对7.3%）、住房和公用事业（3.2%对1.2%）以及餐厅和酒店服务（4.8%对4.5%）的通货膨胀率有所上升。按月计算，5月份消费者价格指数下跌0.1%，为9个月来首次下跌，扭转了前一时期1.1%的涨幅。

The annual inflation rate in Latvia eased to 3.6% in May 2025 from a twenty-month high of 3.9% in the previous month. The slowdown was mainly driven by lower inflation in alcoholic beverages and tobacco products (7.3% vs 8% in April), clothing and footwear (0.7% vs 1.4%), and miscellaneous goods and services (0.7% vs 5.4%). Additionally, transport costs declined for the third straight month (-4.2% vs -1.3%). On the other hand, inflation picked up for food and non-alcoholic beverages (7.5% vs 7.3%), housing and utilities (3.2% vs 1.2%), and restaurant and hotel services (4.8% vs 4.5%). On a monthly basis, consumer prices fell by 0.1% in May, the first decrease in nine months, reversing a 1.1% increase in the preceding period.

2025年4月，拉脱维亚的工业生产同比增长1.9%，从前一个月2.5%的下降中反弹。这一增长主要是由于制造业产出强劲复苏（3月份为5.0%对-1.7%），特别是纺织产品制造业（16.4%对-3.8%）和机械设备维修和安装业（15.7%对7.6%）。然而，电力和天然气供应（-12.2%对-6.9%）以及采矿和采石（-11.7%对-8.6%）的产量继续萎缩。按月计算，4月份工业生产增长0.8%，从3月份2.1%的下降中恢复过来。

Industrial production in Latvia rose by 1.9% year-on-year in April 2025, rebounding from a 2.5% decline in the previous month. The increase was primarily driven by a strong recovery in manufacturing output (5.0% vs -1.7% in March), particularly in the manufacture of textile products (16.4% vs -3.8%) and the repair and installation of machinery and equipment (15.7% vs 7.6%). However, output continued to contract in both electricity & gas supply (-12.2% vs -6.9%) and mining & quarrying (-11.7% vs -8.6%). On a monthly basis, industrial production increased by 0.8% in April, recovering from a 2.1% decline in March.

拉脱维亚经济在2025年第一季度同比收缩0.3%，低于前三个月0.4%的跌幅。这标志着连续第四个收缩期，但也是该序列中最疲软的一个，因为总资本形成（18.8%）和政府支出（2.2%）都有所增加。与此同时，家庭消费（-1.1%）下降。就外部净需求而言，进口（7.8%）的增长速度远快于出口（2%）。经季节性调整的季度数据显示，在前三个月下调持平后，2025年第一季度经济收缩了0.1%。

Latvia’s economy contracted by 0.3% year-on-year in the first quarter of 2025, slowing from a 0.4% drop in the previous three-month period. This marked the fourth consecutive period of contraction but the softest pace in the sequence, as gross capital formation (18.8%) and government spending (2.2%) increased. Meanwhile, household consumption (-1.1%) declined. In terms of net external demand, imports (7.8%) rose much faster than exports (2%). On a seasonally adjusted quarterly basis, the economy contracted by 0.1% in Q1 2025, following a downwardly revised flat reading in the previous three-month period.