阿联酋ADX综合指数 (ADXGeneral) 加自选

标准普尔全球阿联酋采购经理人指数在2025年8月为53.3，高于上个月52.9的四年多来的低点。这一好转主要是由更快的产出增长推动的，在更强劲的销售、正在进行的项目和有弹性的国内需求的支持下，产出增长达到了六个月来的最高点，略高于调查的长期平均水平。然而，新订单量降至2021年6月以来的最低水平，反映出竞争压力加剧和供应链持续中断。在通胀方面，投入成本连续第二个月以更快的速度上涨，达到2月份以来的最高水平。作为回应，非石油公司适度提高了售价，涨幅是五个月来最快的，也是有史以来最高的。最后，8月份商业信心有所改善，因为非石油公司表示乐观，认为国内稳定的经济状况和与客户的牢固关系将支持来年的持续增长。

The S&P Global UAE PMI came in at 53.3 in August 2025, picking up from a more than four-year low of 52.9 in the previous month. The upturn was mainly driven by faster output growth, which hit a six-month high and slightly exceeded the survey’s long-run average, supported by stronger sales, ongoing projects, and resilient domestic demand. However, new order volumes declined to its lowest level since June 2021, reflecting intensifying competitive pressures and ongoing supply chain disruptions. On the inflation front, input costs rose at a faster pace for the second month in a row, reaching its highest level since February. In response, non-oil firms modestly raised selling prices, with the rate of increase the quickest in five months and among the highest on record. Finally, business confidence improved in August, as non-oil companies expressed optimism that stable economic conditions at home and strong relationships with clients would support continued growth in the coming year.

标准普尔全球阿联酋采购经理人指数从6月份的53.5降至2025年7月的52.9，标志着非石油业务活动自2021年6月以来最弱的扩张。经济放缓是由于持续的地缘政治紧张局势，特别是以色列和伊朗之间的紧张局势，抑制了客户需求和旅游业，并导致新订单出现自2021年8月以来的最温和增长。尽管销售疲软，但随着公司寻求清理积压，产量仍然强劲。就业人数小幅上升，尽管就业增长创下四个月新低，而积压的工作以自1月以来的最快速度增加。采购活动也有所减弱，反映出需求疲软和供应链表现疲软。投入成本以三个月来最快的速度上涨，导致销售价格再次上涨。受地区紧张局势缓解后需求增强的预期支撑，商业信心略有改善。然而，企业指出，竞争加剧、库存紧张和招聘限制是挥之不去的下行风险。

The S&P Global UAE PMI fell to 52.9 in July 2025 from 53.5 in June, marking the weakest expansion in non-oil business activity since June 2021. The slowdown was due to persistent geopolitical tensions, particularly between Israel and Iran, dampening client demand and tourism, and contributing to the softest rise in new orders since August 2021. Despite softer sales, output remained robust as firms sought to clear backlogs. Employment rose modestly, though job growth hit a four-month low, while backlogs increased at the fastest pace since January. Purchasing activity also softened, reflecting weaker demand and subdued supply chain performance. Input costs rose at the fastest rate in three months, leading to a renewed increase in selling prices. Business confidence improved slightly, supported by expectations of stronger demand if regional tensions ease. However, firms cited growing competition, tight inventory levels, and hiring constraints as lingering downside risks.

2025年7月30日，阿拉伯联合酋长国中央银行（CBUAE）将隔夜存款基准利率维持在4.40%，与之前的水平保持不变。此举是在美联储决定连续第五次会议保持借贷成本稳定之后做出的。央行在一份声明中表示：“阿联酋央行还决定将适用于从阿联酋央行借入短期流动性的利率维持在所有长期信贷额度基准利率以上50个基点。”。阿联酋的基准利率与美联储的储备利率挂钩，是该国关键的货币政策工具和隔夜市场利率的基准。

The Central Bank of the United Arab Emirates (CBUAE) maintained its overnight deposit facility base rate at 4.40% on July 30, 2025, unchanged from the previous level. The move followed the US Federal Reserve’s decision to keep borrowing costs steady for a fifth consecutive meeting. "The CBUAE has also decided to maintain the interest rate applicable to borrowing short-term liquidity from the CBUAE at 50 basis points above the Base Rate for all standing credit facilities," the central bank said in a statement. The UAE’s base rate, which is linked to the Fed’s reserve rate, serves as a key monetary policy tool and a benchmark for overnight market interest rates in the country.

标准普尔全球阿拉伯联合酋长国采购经理人指数从5月份的53.3微升至2025年6月的53.5，这是三年多来最温和的扩张。温和的增长掩盖了不同的趋势，因为产出的大幅增长和库存的稳定抵消了新订单增长的放缓，新订单增长降至2021年9月以来的最低水平。企业指出，地缘政治紧张局势，特别是以色列和伊朗之间的紧张局势，是削弱客户需求的关键因素。尽管销售疲软，但各公司仍提高了产量以清理积压的订单，积压的订单以17个月来最慢的速度增长。就业率再次上升，但速度较慢。与此同时，供应商交货时间以2024年4月以来最慢的速度延长，而采购略有反弹，在5月份创纪录的下降后帮助稳定了库存。在价格方面，投入成本通胀降至近两年低点，而销售价格略有下降。信心改善至2024年11月以来的最高水平，如果地区紧张局势缓解，销售有望更强劲。

The S&P Global United Arab Emirates PMI edged up to 53.5 in June 2025 from 53.3 in May, which was the softest expansion in over three years. The modest uptick masked diverging trends, as a sharper rise in output and stabilized inventories offset a slowdown in new order growth, which fell to its lowest level since September 2021. Businesses cited geopolitical tensions, particularly between Israel and Iran, as a key factor weakening client demand. Despite softer sales, firms raised output to clear backlogs, which expanded at the slowest pace in 17 months. Employment rose again, though at a slower pace. Meanwhile, supplier delivery times lengthened at the slowest rate since April 2024, while purchasing rebounded modestly, helping stabilize inventories after May’s record drop. On prices, input cost inflation eased to a near two-year low, while selling prices dipped slightly. Confidence improved to its highest since November 2024, with hopes for stronger sales if regional tensions ease.