匈牙利股票指数 (BUX) 加自选

匈牙利的年通货膨胀率从上个月的4.7%降至2025年4月的4.2%。这标志着自2024年11月以来的最低水平，因为食品（5.4%对3月份的7%）、服务（7%对7.5%）和耐用消费品（2%对2.1%）的价格增长放缓。相比之下，酒精饮料和烟草的成本进一步上涨（6.3%对5.5%），而电力、天然气和其他燃料的价格反弹（3.5%对-2.7%）。按月计算，4月份消费者价格指数在3月份持平后上涨了0.2%。与此同时，不包括食品和能源等波动性项目的年度核心通胀率从上个月的5.7%降至4月份的5%，为四个月来的最低水平。

The annual inflation rate in Hungary slowed to 4.2% in April 2025 from 4.7% in the previous month. This marked the lowest level since November 2024, as price growth moderated for food (5.4% vs 7% in March), services (7% vs 7.5%), and consumer durables (2% vs 2.1%). In contrast, costs increased further for alcoholic beverages and tobacco (6.3% vs 5.5%), while prices rebounded for electricity, gas and other fuels (3.5% vs -2.7%). On a monthly basis, consumer prices rose by 0.2% in April, after a flat reading in March. Meanwhile, the annual core inflation, which excludes volatile items such as food and energy, eased to a four-month low of 5% in April, from 5.7% in the prior month.

初步估计显示，匈牙利的工业生产在上个月暴跌8.7%后，于2025年3月同比停滞。以电气设备为首的大多数制造业子行业的产量下降。与此同时，汽车、计算机、电子和光学产品以及食品、饮料和烟草的产量有所增加。经季节性调整的月度数据显示，3月份工业活动增长0.1%，较前一时期的1.1%有所回升。

Industrial production in Hungary stagnated year-on-year in March 2025, following an 8.7% slump in the previous month, preliminary estimates showed. Production volume decreased in the majority of the manufacturing subsectors, led by electrical equipment. Meanwhile, output increased in the manufacture of vehicles, computers, electronic and optical products, and food, beverage and tobacco. On a seasonally adjusted monthly basis, industrial activity rose by 0.1% in March, rebounding from a 1.1% drop in the preceding period.

2025年3月，匈牙利零售额同比增长0.4%，较上月3.3%的增长大幅放缓。这标志着自2024年12月以来最温和的增长，因为食品、饮料和烟草（2月份为1.2%对3.5%）以及汽车燃料（0.1%对0.4%）的销售额有所放缓。与此同时，非食品类产品的销售加速（5.9%对5%），尤其是纺织品、服装和鞋类、药品、医疗产品和香水店以及家具和技术产品。经季节性调整的月度数据显示，3月份零售活动下降0.5%，较上月0.6%的跌幅有所缓解。今年第一季度，零售贸易比去年同期增长2.7%。

Retail sales in Hungary increased by 0.4% year-on-year in March 2025, slowing sharply from a 3.3% rise in the previous month. This marked the softest rise since December 2024, as sales moderated for food, beverages and tobacco (1.2% vs 3.5% in February) and automotive fuel (0.1% vs 0.4%). Meanwhile, sales accelerated for non-food products (5.9% vs 5%), paricularly in textile, clothing and footwear, pharmaceutical, medical product, and perfumery stores and furniture and technical goods. On a seasonally adjusted monthly basis, retail activity fell by 0.5% in March, easing from a 0.6% drop in the preceding month. For the first quarter of the year, retail trade was 2.7% higher compared to the same period last year.

HALPIM制造业采购经理人指数从上个月向上修正的51.4降至2025年4月的50.2。这标志着连续第六个扩张期，尽管速度是自1月以来最慢的，但该指数落后于其长期月平均值和过去三年观察到的典型4月水平。新订单稳定在正区间，而就业指数增长速度更快。在定价方面，投入成本下降，表明价格压力有所缓和。与此同时，外部需求显示出减弱的迹象，出口指数降至50点以下，尽管进口指数仍高于50点。

The HALPIM Manufacturing PMI fell to 50.2 in April 2025 from an upwardly revised 51.4 in the previous month. It marked the sixth consecutive period of expansion, albeit at the softest pace since January, with the index lagging behind both its long-term monthly average and the typical April levels observed over the past three years. New orders held steady in positive territory, while the employment index recorded a faster pace of growth. On the pricing front, input costs declined, pointing to a moderation in price pressures. Meanwhile, external demand showed signs of weakening, with the export index dipping below the 50-point threshold, even as the import index remained above it.