沙特阿拉伯TASI指数 (TASI) 加自选

2025年9月，沙特阿拉伯的年度批发价格通胀率为2.1%，连续第四个月保持不变，仍处于去年10月以来的最高水平。主要的上行压力来自农产品和渔业产品的通货膨胀率上升（8月份为4.7%对4.4%），这是由农产品价格上涨6.6%和鱼类和其他渔业产品上涨5.6%推动的。食品、饮料、烟草和纺织品的价格增长也加快（0.6%对0.4%），金属制品、机械和设备的价格略有上涨（0.1%对0%）。相比之下，其他可运输商品的通货膨胀放缓，不包括金属制品、机械和设备（4%对4.2%），而矿石和矿物的通货紧缩持续存在（-0.6%对-0.8%）。批发价格在8月份上涨0.2%后，每月上涨0.3%。

The annual wholesale price inflation in Saudi Arabia stood at 2.1% in September 2025, unchanged for the fourth consecutive month and remaining at its highest level since October last year. The main upward pressure came from higher inflation in agriculture and fishery products (4.7% vs. 4.4% in August), driven by a 6.6% rise in agricultural product prices and a 5.6% increase in fish and other fishing products. Price growth also accelerated for food products, beverages, tobacco, and textiles (0.6% vs. 0.4%), alongside a slight uptick in metal products, machinery, and equipment (0.1% vs. 0%). In contrast, inflation slowed for other transportable goods, excluding metal products, machinery, and equipment (4% vs. 4.2%), while deflation persisted for ores and minerals (-0.6% vs. -0.8%). On a monthly basis, wholesale prices rose 0.3%, following a 0.2% gain in August.

沙特阿拉伯的年通货膨胀率从8月份的2.3%降至2025年9月的2.2%。住房、水、电、天然气和其他燃料的通货膨胀有所缓和（5.2%对5.8%），主要是由于租金增长放缓（6.7%对7.6%），以及在住宿成本增长放缓（1.9%对4.7%）的情况下，餐厅和住宿服务的通货膨胀有所放缓（1.5%对3.0%）。相比之下，在客运服务增长强劲（6.9%对5.3%）的背景下，运输类通胀加速（1.6%对1.1%）。教育服务也有所回升（1.2%对0.8%），而个人护理、社会保障和其他商品和服务的价格上涨速度更快（5.4%对4.5%）。与此同时，家具和家用设备（-0.6%对-0.2%）以及信息和通信（-0.4%对-0.3%）的价格跌幅更大。9月份，消费者价格指数小幅下跌0.1%，扭转了8月份0.1%的涨幅，这是自2024年3月以来的首次月度下跌。

Saudi Arabia’s annual inflation rate eased slightly to 2.2% in September 2025, down from 2.3% in August. Inflation moderated for housing, water, electricity, gas, and other fuels (5.2% vs 5.8%), mainly due to softer rent growth (6.7% vs 7.6%), as well as for restaurant and accommodation services (1.5% vs 3.0%) amid a slower rise in accommodation costs (1.9% vs 4.7%). In contrast, inflation accelerated in the transport category (1.6% vs 1.1%) on the back of stronger growth in passenger transport services (6.9% vs 5.3%). Education services also picked up (1.2% vs 0.8%), while prices for personal care, social protection, and other goods and services rose at a faster pace (5.4% vs 4.5%). Meanwhile, prices declined more sharply for furnishings and household equipment (-0.6% vs -0.2%) and for information and communication (-0.4% vs -0.3%). Monthly, consumer prices edged down by 0.1% in September, reversing a 0.1% increase in August, marking the first monthly decline since March 2024.

2025年8月，沙特阿拉伯的工业生产同比增长7.1%，较上月上调后的7.6%有所缓和。经济放缓主要是由于石油活动的增长较小（7月份为8.3%对8.4%），这是由于焦炭和精炼石油产品制造的急剧放缓（8.9%对23.1%）造成的。供水、污水处理、废物管理和修复活动的增长也放缓（6%对6.5%）。与此同时，非石油活动以更快的速度扩张（4.4%对3.2%），这得益于更高的制造业产出（3.7%对3.2%）的支持，特别是在纸张和纸制品（3.2%对2.9%）以及化学品和化学产品（8.6%对8%）方面。电力、天然气、蒸汽和空调供应的产出增长也加快（8.7%对2%）。按月计算，工业活动增长1.4%，低于7月份2.4%的涨幅。

Industrial production in Saudi Arabia rose by 7.1% year-on-year in August 2025, easing from an upwardly revised 7.6% increase in the previous month. The slowdown was mainly due to a smaller rise in oil activities (8.3% vs 8.4% in July), driven by a sharp moderation in the manufacture of coke and refined petroleum products (8.9% vs 23.1%). Growth also slowed for water supply, sewerage, waste management, and remediation activities (6% vs 6.5%). Meanwhile, non-oil activities expanded at a faster pace (4.4% vs 3.2%), supported by higher manufacturing output (3.7% vs 3.2%), particularly in paper and paper products (3.2% vs 2.9%) and chemicals and chemical products (8.6% vs 8%). Output growth also accelerated for electricity, gas, steam, and air conditioning supply (8.7% vs 2%). On a monthly basis, industrial activity rose 1.4%, easing from a 2.4% gain in July.

利雅得银行沙特阿拉伯的采购经理人指数从8月的56.4升至2025年9月的57.8，标志着非石油私营部门自3月以来的最快扩张。最新数据得到了商业活动增长改善的支撑，非石油公司的产量达到了自2月以来的最大水平。

Riyad Bank Saudi Arabia's PMI rose to 57.8 in September 2025 from 56.4 in August, marking the fastest expansion in the non-oil private sector since March. The latest reading was supported by improved business activity growth, as non-oil companies increased output to the greatest extent since February.