奥地利ATX指数 (ATX) 加自选

初步估计显示，继第二季度修正后的0.1%收缩后，奥地利经济在2025年第三季度环比增长0.1%。尽管家庭消费（0.1%对第二季度的0.3%）和政府支出（0.2%对0.3%）的增长速度有所放缓，但增长仍在持续。与此同时，固定投资收缩（-0.3%对1.3%），净贸易拖累增长，出口下降（-0.4%），进口停滞。在生产方面，服务业支撑了增长，信息、金融和房地产（+0.3%）、其他商业服务（+0.2%）和公共行政（+0.2%。相比之下，制造业、能源和公用事业基本持平（-0.0%），而建筑业继续下降（-0.5%），贸易、运输、酒店和零售业仍然疲软（-0.2%）。GDP同比增长0.6%，高于第二季度修正后的0.5%，标志着自2023年第一季度以来最快的经济扩张。

The Austrian economy grew by 0.1% quarter-on-quarter in Q3 2025, following a revised 0.1% contraction in Q2, preliminary estimates showed. Growth was sustained, though at a softer pace in household consumption (0.1% vs 0.3% in Q2) and government spending (0.2% vs 0.3%). Meanwhile, fixed investment contracted (-0.3% vs 1.3%), and net trade weighed on growth, as exports fell (-0.4%) and imports stagnated. On the production side, growth was supported by services, with gains in information, finance, and real estate (+0.3%), other business services (+0.2%), and public administration (+0.2%). In contrast, manufacturing, energy, and utilities were largely flat (-0.0%), while construction continued to decline (-0.5%), and trade, transport, hospitality, and retail remained weak (-0.2%). Year-on-year, GDP rose 0.6% from a revised 0.5% in Q2, marking the fastest economic expansion since Q1 2023.

2025年9月，生产者价格指数同比下降1.1%，这是连续第六个月下降，但较8月份的1.3%略有回落。能源（-3.8%对8月-4.9%）和中间产品（-0.9%对-1.0%）的价格下跌速度较慢。与此同时，资本品（0.6%对1.0%）和消费品（2.0%对2.2%）的价格增长放缓。在8月份下降0.3%之后，生产者价格指数每月下降0.1%。

Producer prices decreased by 1.1% year-on-year in September 2025, marking the sixth consecutive month of decline, though easing slightly from a 1.3% drop in August. Prices fell at a softer pace for energy (-3.8% vs -4.9% in August) and intermediate goods (-0.9% vs -1.0%). Meanwhile, price growth slowed for capital goods (0.6% vs 1.0%) and consumer goods (2.0% vs 2.2%). On a monthly basis, producer prices fell by 0.1%, following a 0.3% decrease in August.

联合信贷银行奥地利制造业采购经理人指数从9月份的47.6升至2025年10月的48.8。产量略有增加，这是四个月来的第三次增长，因为公司试图通过解决现有的积压问题来维持生产水平。新订单仅小幅下降，出现三年半以来最慢的收缩，同时国内外需求出现初步增强迹象。与此同时，出口销售也遵循了类似的模式，在主要欧洲贸易伙伴的需求趋于稳定的迹象下略有下滑。相比之下，由于制造商继续根据整体工作量的减弱减少人员配置，就业人数以更快的速度下降，这是自3月以来的最大降幅。商业情绪显著改善，信心达到2022年初以来的最高水平，这得益于国内和国际市场经济状况逐步复苏的预期。

The UniCredit Bank Austria Manufacturing PMI rose to 48.8 in October 2025 from 47.6 in September. Output increased slightly, rising for the third time in four months, as firms sought to maintain production levels by working through existing backlogs. New orders declined only marginally, posting the slowest contraction in three and a half years, amid tentative signs of strengthening domestic and external demand. At the same time, export sales followed a similar pattern, slightly slipping amid signs of stabilizing demand from key European trading partners. In contrast, employment contracted at a faster pace, marking the sharpest decline since March, as manufacturers continued to reduce staffing levels in line with weaker overall workloads. Business sentiment improved notably, with confidence reaching its highest level since early 2022, supported by expectations of a gradual recovery in economic conditions across domestic and international markets.

奥地利的年通货膨胀率从前一个月的4.1%略微降至2025年9月的4%，与初步估计相符。经济放缓的主要原因是食品和非酒精饮料（8月份为3.9%对5.2%）、酒精饮料和烟草（3.2%对3.8%）、住房和公用事业（6%对6.1%）、娱乐和文化（3.2%对4.1%）、服装和鞋类（1.4%对4.5%）以及杂项商品和服务（4.3%对4.7%）的价格下跌。与此同时，家具、家用设备和维护成本下降（-0.6%对0.5%）。与此同时，交通（2.5%对1.2%）、餐馆和酒店（6.2%对6.1%）、教育（6.4%对4.8%）和健康（5.3%对4.6%）的通货膨胀率有所上升。按月计算，9月份消费者价格指数下降0.2%，为2021年1月以来的最低水平，扭转了前一时期0.2%的涨幅。

The annual inflation rate in Austria eased slightly to 4% in September 2025 from 4.1% in the previous month, matching preliminary estimates. The slowdown was mainly driven by lower prices in food and non-alcoholic beverages (3.9% vs 5.2% in August), alcoholic beverages and tobacco (3.2% vs 3.8%), housing and utilities (6% vs 6.1%), recreation and culture (3.2% vs 4.1%), clothing and footwear (1.4% vs 4.5%), and miscellaneous goods and services (4.3% vs 4.7%). At the same time, costs declined for furnishings, household equipment, and maintenance (-0.6% vs 0.5%). Meanwhile, inflation increased for transportation (2.5% vs 1.2%), restaurants and hotels (6.2% vs 6.1%), education (6.4% vs 4.8%), and health (5.3% vs 4.6%). On a monthly basis, consumer prices fell by 0.2% in September, marking the lowest reading since January 2021, reversing a 0.2% gain in the preceding period.