欧洲斯托克50指数 (EuroStoxx50) 加自选

2025年4月，欧元区进口同比仅增长0.1%，达到2330.7亿欧元，与3月份7.7%的激增相比大幅放缓。疲软的增长突显出，在美国实施新关税后，贸易战的不确定性加剧，国内需求停滞不前。化学品（+6.2%）和食品饮料（+6.8%）的进口增加推动了温和增长，而大多数其他主要类别的进口都出现了显著下降。来自美国和中国的进口增长速度较慢，分别增长4.8%和8.9%，而来自英国的进口下降4.4%。

Imports into the Eurozone inched up just 0.1% year-on-year to €233.07 billion in April 2025, a sharp slowdown from the 7.7% surge recorded in March. The weak growth highlights stagnating domestic demand amid heightened trade war uncertainty following the implementation of new US tariffs. The modest increase was driven by higher imports of chemicals (+6.2%) and food and drink (+6.8%), while most other major categories posted notable declines. Imports from the US and China rose at a slower pace, up 4.8% and 8.9% respectively, while imports from the UK fell 4.4%.

2025年4月，欧元区的出口同比下降1.4%，至2429.8亿欧元，比3月份2802.1亿欧元的历史高点下降13.3%。3月份，消费者和企业在特朗普政府实施新关税之前先行购买。下降的原因是矿物燃料和润滑油（-25.3%）以及机械和运输设备（-5.6%）的出口大幅下降。化学品出口增长了6%，但与3月份50.5%的激增相比，这一增长明显放缓。对美国的出口增长也大幅放缓（3.9%对63.9%），而对中国和英国的出口分别下降了14.9%和6.0%。

Exports from the Eurozone declined 1.4% year-on-year to €242.98 billion in April 2025, and fell 13.3% from March’s all-time high of €280.21 billion—a month when consumers and businesses front-loaded purchases ahead of the implementation of new tariffs by the Trump administration. The decline was driven by sharp drops in exports of mineral fuels and lubricants (-25.3%) and machinery and transport equipment (-5.6%). Chemical exports rose 6%, but this represented a significant slowdown from the 50.5% surge recorded in March. Export growth to the US also cooled considerably (3.9% vs. 63.9%), while exports to China and the UK fell by 14.9% and 6.0%, respectively.

2025年4月，欧元区的贸易顺差从一年前的136亿欧元收窄至99亿欧元，低于市场预期的182亿欧元。这也标志着与3月份373亿欧元的历史高点相比大幅下降，这一下降主要是由于美国实施新关税后化学品盈余急剧下降。出口总额同比下降1.4%，至2430亿欧元，主要原因是矿物燃料和润滑油（-25.3%）以及机械和运输设备（-5.6%）大幅下降。化学品出口增长了6%，尽管这标志着与3月份50.5%的激增相比明显放缓。对美国的出口增长也大幅放缓（3.9%对63.9%），而对中国和英国的出口分别下降了14.9%和6.0%。与此同时，进口小幅增长0.1%，达到2330亿欧元，这得益于化学品（+6.2%）和食品和饮料（+6.8%）的采购增加，尽管大多数其他主要类别都出现了显著下降。来自美国和中国的进口增长速度较慢。

The Eurozone’s trade surplus narrowed to €9.9 billion in April 2025, down from €13.6 billion a year earlier and below market expectations of €18.2 billion. It also marked a steep drop from March’s all-time high of €37.3 billion, with the decline largely driven by a sharp fall in the chemicals surplus following the implementation of new US tariffs. Total exports fell 1.4% year-on-year to €243 billion, led by significant declines in mineral fuels and lubricants (-25.3%) and machinery and transport equipment (-5.6%). Chemical exports rose 6%, though this marked a stark slowdown from the 50.5% surge seen in March. Export growth to the US also decelerated sharply (3.9% vs. 63.9%), while exports to China and the UK declined by 14.9% and 6.0%, respectively. Meanwhile, imports edged up 0.1% to €233 billion, supported by higher purchases of chemicals (+6.2%) and food and drink (+6.8%), though most other major categories saw notable declines. Imports from the US and China rose at slower pace.

2025年4月，欧元区工业生产环比下降2.4%，扭转了3月份下调后的2.4%的增长，低于市场预期的1.7%的下降。这标志着自2023年7月以来最大的月度收缩，所有主要类别的产出都有所下降。非耐用消费品产量下降3.0%（3月份为+1.8%），而能源产量下降1.6%（3月为-0.5%）。资本品产出下降1.1%（对比+2.4%），中间产品下降0.7%（对比+1.1%），耐用消费品小幅下降0.2%（对比+3.5%）。按年度计算，4月份工业产出增长从3月份的3.7%放缓至0.8%，低于1.4%的增长预测。

Eurozone industrial production dropped by 2.4% month-over-month in April 2025, reversing a downwardly revised 2.4% gain in March and falling short of market expectations for a 1.7% decline. This marked the sharpest monthly contraction since July 2023, with output falling across all major categories. Production of non-durable consumer goods fell 3.0% (vs. +1.8% in March), while energy output declined 1.6% (vs. -0.5%). Capital goods output dropped 1.1% (vs. +2.4%), intermediate goods fell 0.7% (vs. +1.1%), and durable consumer goods edged down 0.2% (vs. +3.5%). On an annual basis, industrial output growth slowed to 0.8% in April from 3.7% in March, missing forecasts of a 1.4% increase.