沙特阿拉伯TASI指数 (TASI) 加自选

沙特阿拉伯的年通货膨胀率从上个月的2.2%微升至2025年6月的2.3%。住房和公用事业类别仍然是通货膨胀的主要驱动力，尽管其年增长率从6.8%适度放缓至6.5%。这一类别的上涨压力主要是由于住房租金上涨7.6%，部分原因是别墅租金上涨7.1%。该分类指数在消费者价格篮子中的权重为25.5%。烟草（5月份为0.5%对0.3%）、教育（1.4%对1.3%）和杂项个人商品和服务（4.1%对4.0%）的通货膨胀率也有所上升。相比之下，食品和非酒精饮料（1.5%对1.6%）以及餐馆和酒店（1.6%对1.8%）的通货膨胀有所缓解。与此同时，服装和鞋类（-0.6%对-0.9%）、家具和家居维护（-1.7%对-2.5%）以及交通（-0.7%对-0.8%）的通货紧缩持续存在。在5月份上涨0.1%之后，CPI每月上涨0.2%。

Saudi Arabia’s annual inflation rate inched up to 2.3% in June 2025 from 2.2% in the previous month. The housing and utilities category remained the primary driver of inflation, despite a modest slowdown in its annual growth rate to 6.5% from 6.8%. Upward pressure in this category was mainly driven by a 7.6% increase in rents paid for housing, fueled in part by a 7.1% rise in villa rental prices. The subindex had a substantial 25.5% weight in the consumer price basket. Inflation also ticked higher for tobacco (0.5% vs 0.3% in May), education (1.4% vs 1.3%), and miscellaneous personal goods and services (4.1% vs 4.0%). In contrast, inflation eased for food and non-alcoholic beverages (1.5% vs 1.6%) and restaurants and hotels (1.6% vs 1.8%). Meanwhile, deflation persisted in clothing and footwear (-0.6% vs -0.9%), furnishings and household maintenance (-1.7% vs -2.5%), and transport (-0.7% vs -0.8%). On a monthly basis, the CPI rose by 0.2%, following a 0.1% increase in May.

沙特阿拉伯的年度批发价格通胀率从前两个月的每年2.0%微升至2025年6月的2.1%。这是自2024年10月以来的最高读数，主要是由于除金属制品、机械和设备外的其他可运输商品价格上涨（5月份为4.5%对4.3%）。另一方面，食品、饮料和烟草以及纺织品的价格增长放缓（0.2%对0.3%），而农产品和渔业产品的价格增长保持稳定（4.4%）。此外，金属制品、机械和设备（-0.3%对-0.3%）以及矿石和矿物（-1.1%对-1.5%）的价格也有所下降。按月计算，批发价格在5月份持平后，6月份下降了0.1%。

The annual wholesale price inflation in Saudi Arabia edged up to 2.1% in June 2025, from 2.0% in each of the previous two months. This marked the highest reading since October 2024, mainly driven by higher prices for other transportable goods, except metal products, machinery and equipment (4.5% vs 4.3% in May). On the other hand, price growth slowed for food products, beverages and tobacco, and textiles (0.2% vs 0.3%), while remained steady for agriculture and fishery products (at 4.4%). Additionally, decreases were seen in prices for metal products, machinery and equipment (-0.3% vs -0.3%) and ores and minerals (-1.1% vs -1.5%). On a monthly basis, wholesale prices fell by 0.1% in June, after a flat reading in May.

2025年5月，沙特阿拉伯的工业生产同比增长1.5%，高于4月份向下修正的0.9%的增长。这一增长主要是由制造业产出增长0.9%推动的，这得益于化学品和化学产品（14.0%）以及食品（3.2%）的强劲增长。 此外，随着该国石油产量从2024年5月的899万桶增至每天918万桶，采矿和采石活动增长了2.1%。供水、污水处理、废物管理和修复行业也实现了强劲增长，增长了15.5%。相反，电力、天然气、蒸汽和空调供应下降了7.7%。按月计算，工业产出反弹，在4月份修正后下降1.6%后，5月份增长2.5%。

Industrial production in Saudi Arabia increased by 1.5% year-on-year in May 2025, accelerating from a downwardly revised 0.9% rise in April. The growth was primarily driven by a 0.9% increase in manufacturing output, supported by strong gains in chemicals and chemical products (14.0%) and food products (3.2%). Additionally, mining and quarrying activity grew 2.1%, as the country’s oil production rose to 9.18 million barrels per day, up from 8.99 million barrels in May 2024. The water supply, sewerage, waste management, and remediation sector also saw robust growth, climbing 15.5%. Conversely, electricity, gas, steam, and air conditioning supply declined by 7.7%. On a monthly basis, industrial output rebounded, rising 2.5% in May after a revised 1.6% fall in April.

利雅得银行沙特阿拉伯的采购经理人指数从5月份的55.8升至2025年6月的三个月高点57.2，表明非石油私营部门状况强劲改善。这一增长是由强劲的国内需求、新项目的启动和营销力度的加强推动的。新订单是四个月来增长最快的，公司为了应对工作量的增加，以2011年5月以来最快的速度扩大了招聘。随着企业建立库存以满足未来需求，采购活动也激增，达到两年来的最高点。在成本方面，工资压力加剧，导致员工成本创下历史新高，并导致整体投入价格再次上涨。随着企业重新获得定价权并试图转嫁更高的成本，销售价格相应上涨，为2023年底以来的最高水平。尽管面临这些压力，但商业信心攀升至两年来的最高水平，反映出对持续需求和经济韧性的乐观预期。

Riyad Bank Saudi Arabia's PMI rose to a three-month high of 57.2 in June 2025, up from 55.8 in May, signaling a robust improvement in non-oil private sector conditions. The uptick was driven by strong domestic demand, new project starts, and enhanced marketing efforts. New orders registered the fastest growth in four months, and firms expanded hiring at the sharpest pace since May 2011 in response to rising workloads. Purchasing activity also surged, reaching a two-year high, as companies built inventories to meet future demand. On the cost side, wage pressures intensified, leading to a record rise in staff costs and contributing to a renewed increase in overall input prices. Selling prices rose accordingly—the most since late 2023—as firms regained pricing power and sought to pass on higher costs. Despite these pressures, business confidence climbed to its highest level in two years, reflecting optimistic expectations for continued demand and economic resilience.