哈萨克斯坦股票指数 (KASE) 加自选

2025年10月，哈萨克斯坦的年度生产者通胀率从9月的6.5%加速至8.4%，为六个月来的最高水平。电力、天然气、蒸汽、热水和空调的价格涨幅最大（19.2%）；供水；卫生；废物收集、处理和处置；污染控制活动（10.6%）；制造业（2.9%）；采矿和采石（1%）。与上月相比，生产者价格指数上涨了1.2%。与此同时，与2024年同期相比，2025年前十个月生产者价格指数上涨了7.5%。

Annual producer inflation in Kazakhstan accelerated to 8.4% in October 2025, the highest in six months, from 6.5% in September. Prices rose the most for supply of electricity, gas, steam, hot water and air conditioning (19.2%); water supply; sanitation; waste collection, treatment and disposal; pollution control activities (10.6%); manufacturing (2.9%); and mining and quarrying (1%). Compared to the previous month, producer prices went up 1.2%. Meanwhile, producer prices increased 7.5% in the first ten months of 2025 compared with the same period in 2024.

初步估计显示，2025年第三季度哈萨克斯坦的经常账户赤字为31.1亿美元，比去年同期的21.1亿美元有所扩大。服务业（-31亿美元对2024年第三季度的0.26亿美元）和初级收入（-60.8亿美元对-54.1亿美元）的赤字扩大。与此同时，贸易顺差从37.4亿美元降至34.5亿美元。相反，二级收入差距从1.8亿美元略微缩小至1.7亿美元。

Kazakhstan’s current account recorded a deficit of USD 3.11 billion in the third quarter of 2025, widening from a USD 2.11 billion in the corresponding period of the previous year, preliminary estimates showed. The deficit expanded for services (USD -0.31 billion vs -0.26 billion in Q3 2024) and the primary income (USD -6.08 billion vs USD -5.41 billion). At the same time, trade surplus decreased to USD 3.45 billion from USD 3.74 billion. Conversely, the secondary income gap narrowed slightly to USD 0.17 billion from USD 0.18 billion.

哈萨克斯坦的年通货膨胀率在2025年10月降至12.6%，低于9月份的三个月高点12.9%。主要的下行压力来自住房和公用事业通胀的急剧放缓，从9月份的17.4%降至10月份的11.3%。通信（4.4%对7.2%）、娱乐和文化（14.6%对16.9%）以及服装和鞋类（10.8%对10.7%）的价格增长也有所放缓。相比之下，食品和非酒精饮料的价格上涨更快，从12.8%攀升至两年多来的最高点13.6%。餐馆和酒店（15.7%对14.0%）、健康（18.1%对17.0%）和交通（12.2%对11.3%）的通货膨胀也在加速。按月计算，消费者价格指数上涨0.5%，较前一时期的1.1%有所放缓，为2024年9月以来的最低涨幅。

The annual inflation rate in Kazakhstan eased to 12.6% in October 2025, down from a three-month high of 12.9% in September. The main downward pressure came from a sharp slowdown in housing and utilities inflation, which dropped to 11.3% in October from 17.4% in September. Price growth also moderated for communication (4.4% vs. 7.2%), recreation and culture (14.6% vs. 16.9%), and clothing and footwear (10.8% vs. 10.7%). In contrast, prices rose faster for food and non-alcoholic beverages, climbing to an over two-year high of 13.6% from 12.8%. Inflation also accelerated for restaurants and hotels (15.7% vs. 14.0%), health (18.1% vs. 17.0%), and transport (12.2% vs. 11.3%). On a monthly basis, consumer prices increased 0.5%, slowing from a 1.1% rise in the prior period and marking the softest gain since September 2024.

2025年9月，哈萨克斯坦工业生产同比增长5.2%，较上月12.8%的八年高点大幅放缓。最新数据标志着自1月以来工业活动的最疲软扩张，受采矿和采石业（8月份为6.8%对17.5%）、制造业（4.1%对9.3%）以及电力、天然气、蒸汽、热水和空调供应（3%对3.4%）的产量增幅明显较小的影响。此外，供水、废物管理和污染控制的产量下降速度更快（-1.6%对-0.5%）。按月计算，9月份工业产出下降2.9%，扭转了8月份3.8%的增长。考虑到1月至9月期间，工业生产同比增长7.4%。

Kazakhstan’s industrial production rose by 5.2% year-on-year in September 2025, slowing sharply from an eight-year high of 12.8% advance in the previous month. The latest figure marked the softest expansion in industrial activity since January, weighed down by significantly smaller increases in the output of mining and quarrying (6.8% vs 17.5% in August), manufacturing (4.1% vs 9.3%), and electricity, gas, steam, hot water, and air conditioning supply (3% vs 3.4%). Additionally, production declined at a faster pace for water supply, waste management, and pollution control (-1.6% vs -0.5%). On a monthly basis, industrial output dropped by 2.9% in September, reversing a 3.8% gain in August. Considering the January to September period, industrial production grew by 7.4% compared with the same period a year earlier.