荷兰25指数 (Holland25) 加自选

NL25指数升至956.04点的历史高点。在过去的4周里，荷兰股市指数（NL25）上涨了7.56%，在过去的12个月里，它上涨了4.95%。

NL25 increased to an all-time high of 956.04 Index Points. Over the past 4 weeks, Netherlands Stock Market Index (NL25) gained 7.56%, and in the last 12 months, it increased 4.95%.

奈韦荷兰制造业采购经理人指数从8月份的51.9升至2025年9月的53.7，标志着自2022年7月以来行业状况的最大改善。受国内需求增强和新产品发布的推动，产量和新订单创下16个月新高，支撑了这一回升。作为回应，企业报告了自2022年底以来最快的就业创造，而随着投入价格通胀放缓至2024年10月以来的最低水平，成本压力的缓解缓解了这一压力。另一方面，出口销售疲软，限制了整体订单增长，而积压的工作仅略有缓解，因为公司依赖库存来满足需求。此外，供应链再次面临压力，供应商交货时间以近三年来最快的速度延长。展望未来，制造商保持乐观，尽管竞争加剧、美国关税和出口需求疲软的风险继续打压市场情绪。

The Nevi Netherlands Manufacturing PMI rose to 53.7 in September 2025 from 51.9 in August, marking the sharpest improvement in sector conditions since July 2022. The upturn was supported by 16-month highs in output and new orders, driven by stronger domestic demand and new product launches. In response, firms reported the fastest job creation since late 2022, while easing cost pressures provided relief as input price inflation slowed to its weakest pace since October 2024. On the other hand, export sales softened, limiting overall order growth, while backlogs of work eased only slightly as companies relied on inventories to meet demand. In addition, supply chains came under renewed strain, with vendor delivery times lengthening at the sharpest rate in nearly three years. Looking ahead, manufacturers stayed optimistic, though risks from intensified competition, US tariffs, and weak export demand continue to weigh on sentiment.

2025年8月，荷兰零售额同比增长3.6%，较前一个月下调后的4.3%有所缓解。经济放缓主要是由于非食品类产品的销售增长放缓（7月份为3.4%对4.9%），特别是鞋类和皮革制品（1.2%对7%）、药店（3.5%对4.1%）和娱乐用品（6.1%对8.2%）。此外，DIY、厨房、地板（-0.7%对4.9%）以及消费电子产品和白色家电（-8.3%对-3.3%）的贸易均有所下降。另一方面，食品的活动增长加快（3.9%对3.2%），超市的销售额进一步增长（4.6%对4.1%），专卖店的销售额下降幅度较小（-0.6%对-2.3%）。经季节性调整的月度数据显示，8月份零售额小幅上涨0.1%，低于前一时期向下修正的1%的涨幅。

Retail sales in the Netherlands rose by 3.6% year-on-year in August 2025, easing from a downwardly revised 4.3% advance in the previous month. The slowdown was mainly due to a softer increase in sales of non-food products (3.4% vs 4.9% in July), particularly for shoes and leather goods (1.2% vs 7%), drugstores (3.5% vs 4.1%), and recreational items (6.1% vs 8.2%). Additionally, trade declined for DIY, kitchens, floors (-0.7% vs 4.9%) and consumer electronics and white goods (-8.3% vs -3.3%). On the other hand, activity growth accelerated for food products (3.9% vs 3.2%), with sales increasing further in supermarkets (4.6% vs 4.1%) and decreasing at a lesser extent in specialty stores (-0.6% vs -2.3%). On a seasonally adjusted monthly basis, retail sales edged up by 0.1% in August, slowing from a downwardly revised 1% gain in the preceding period.

据初步估计，荷兰的年通货膨胀率从8月份的2.8%上升到2025年9月的3.3%，为5月份以来的最高水平。主要的上行压力来自能源通胀的加速，从8月份的1.6%上升到4%。服务价格增长也从3.8%升至4.1%，而不包括能源和汽车燃料的工业品价格从1.4%微升至1.5%。食品、饮料和烟草的通货膨胀率保持在3.7%不变。按月度计算，消费者价格预计将下降0.1%，这是自5月以来的首次下降，此前8月份上涨了0.2%。与此同时，统一消费者价格指数（HICP）——不包括住房成本，用于欧盟层面的比较——显示9月份从8月份的2.4%加速至3%。

The annual inflation rate in the Netherlands rose to 3.3% in September 2025, up from 2.8% in August, marking the highest reading since May, according to preliminary estimates. The main upward pressure came from an acceleration in energy inflation, which increased to 4% from 1.6% in August. Services price growth also rose to 4.1% from 3.8%, while prices for industrial goods excluding energy and motor fuels edged up to 1.5% from 1.4%. Inflation for food, beverages, and tobacco remained unchanged at 3.7%. On a monthly basis, consumer prices are expected to fall by 0.1%, the first decline since May, following a 0.2% gain in August. Meanwhile, the harmonized consumer price index (HICP)—which excludes housing costs and is used for EU-level comparisons—showed an acceleration to 3% in September, from 2.4% in August.