波兰10年期国债 (Poland10Y) 加自选

波兰的失业率从上个月的5%上升到2025年6月的5.2%，略高于市场预期的5.1%的增长。登记失业人数比上月增加14.2万人，达到79.7万人。2024年6月，失业率降至4.9%。

Poland’s unemployment rate rose to 5.2% in June 2025 from 5% in the previous month, slightly higher than market expectations of a 5.1% increase. The number of registered unemployed grew by 14.2 thousand from a month earlier to 797 thousand. In June 2024, the jobless rate was lower at 4.9%.

2025年6月，波兰零售额同比增长2.2%，较5月的4.4%有所放缓，远低于市场预期的4%的增长。最新数据标志着连续第三个月的增长，但却是该序列中最疲软的，因为机动车、摩托车、零部件（7.7%对15.7%）、家具、收音机、电视和家用电器（10.2%对18.9%）以及报纸、书籍、专卖店其他销售（1.9%对3.5%）的销售大幅放缓。此外，食品、饮料和烟草制品的贸易下降（-0.1%对1.5%）。与此同时，纺织品、服装和鞋类（11.8%对4.7%）以及固体、液体和气体燃料（5.7%对4.9%）的增长更快。按月计算，6月份零售活动下降了1.8%，而前一个月下降了3.2%。

Retail sales in Poland rose by 2.2% year-on-year in June 2025, easing from a 4.4% increase in May and well below market expectations of a 4% advance. The latest reading marked the third consecutive month of growth but the softest in the sequence, as sales slowed significantly for motor vehicles, motorcycles, parts (7.7% vs 15.7%), furniture, radio, TV and household appliances (10.2% vs 18.9%), and newspapers, books, other sales in specialized stores (1.9% vs 3.5%). Additionally, trade declined for food, beverages and tobacco products (-0.1% vs 1.5%). Meanwhile, increased faster for textiles, clothing and footwear (11.8% vs 4.7%) and solid, liquid and gaseous fuels (5.7% vs 4.9%). On a monthly basis, retail activity fell by 1.8% in June, following a 3.2% drop in the previous month.

波兰生产者价格指数在2025年6月同比下降1.8%，略高于市场预期的1.5%的跌幅，此前一个月下降了1.7%。这标志着生产者价格连续第24个月出现通缩，也是自2024年12月以来的最大跌幅。经济衰退的主要原因是制造业（-1.7%对-1.2%）、采矿和采石业（-7.5%对-10.7%）以及电力、天然气、蒸汽和空调供应（-1.1%对-1.6%）的持续通货紧缩。在5月份下降0.3%之后，6月份生产者价格指数环比上涨0.2%。

Producer prices in Poland declined by 1.8% year-on-year in June 2025, slightly more than market expectations of a 1.5% drop and following a 1.7% fall in the previous month. This marked the 24th consecutive month of producer price deflation and the sharpest decline since December 2024. The downturn was mainly driven by an ongoing deflation in manufacturing (-1.7% vs. -1.2%), mining and quarrying (-7.5% vs. -10.7%), as well as in electricity, gas, steam, and air conditioning supply (-1.1% vs. -1.6%). On a monthly basis, producer prices rose by 0.2% in June, following a 0.3% decline in May.

2025年6月，波兰企业部门工资同比增长9%，达到8881.84兹罗提，此前一个月增长了8.4%，超过了8.6%的市场预期。与上月相比，平均毛工资增长了2.4%，主要是由于奖励和奖金、季度和年度保费以及加班费等支付规模更大。今年迄今为止，工资比去年同期增长了8.7%。

Poland’s corporate sector wages rose by 9% year-on-year to PLN 8,881.84 in June 2025, following an 8.4% increase in the previous month and exceeding market expectations of an 8.6% rise. Compared to the previous month, the average gross salary grew by 2.4%, mainly due to due to a larger scale of payments such as awards and bonuses, quarterly and annual premiums, and overtime pay. On a year-to-date basis, wages rose by 8.7% compared to the same period last year.