马其顿蓝筹股指数 (MBI10) 加自选

北马其顿共和国国家银行在6月份的会议上将基准利率稳定在5.35%，在持续的外部和国内风险中保持谨慎的政策立场。该国的年度消费者通胀率从上个月的2.6%上升到2025年5月的3.3%，这是三个月来最快的增速，主要是由于食品价格上涨以及地缘政治和气候相关因素推动的全球大宗商品市场的持续不确定性。与此同时，2025年第一季度经济同比增长3.0%，较上一季度3.2%的扩张略有放缓。央行强调了强劲的信贷增长和稳定的外汇储备，重申其准备在必要时进行干预，以维护价格稳定和第纳尔汇率。

The National Bank of the Republic of North Macedonia held its benchmark interest rate steady at 5.35% during its June meeting, maintaining a cautious policy stance amid continued external and domestic risks. The country’s annual consumer inflation rose to 3.3% in May 2025 from 2.6% in the previous month, marking the fastest pace in three months, driven largely by rising food prices and ongoing uncertainty in global commodity markets fueled by geopolitical and climate-related factors. Meanwhile, the economy grew by 3.0% year-on-year in the first quarter of 2025, easing slightly from a 3.2% expansion in the previous quarter. The central bank underscored robust credit growth and stable foreign exchange reserves, reaffirming its readiness to intervene as needed to safeguard price stability and the denar’s exchange rate.

北马其顿的年度生产者通胀率从上个月的7%降至2025年4月的6.1%。这是今年迄今为止最疲软的数据，因为能源（3月份为16.9%对17.5%）、资本货物（13.8%对17.3%）、消费品（3.9%对4.2%）和非耐用品（4.3%对4.6%）的价格增长放缓。与此同时，耐用品的成本进一步下降（-2.3%对-2.1%）。与此同时，除能源外，中间产品的生产者通胀率保持不变，为2.1%。在3月份上涨0.4%之后，生产者价格指数环比下跌0.2%。

The annual producer inflation in North Macedonia slowed to 6.1% in April 2025 from 7% in the previous month. This marks the softest reading so far this year, as price growth moderated for energy (16.9% vs 17.5% in March), capital goods (13.8% vs 17.3%), consumer goods (3.9% vs 4.2%), and non-durable goods (4.3% vs 4.6%). At the same time, costs declined further for durable goods (-2.3% vs -2.1%). Meanwhile, producer inflation was unchanged for intermediate goods except energy at 2.1%. On a monthly basis, producer prices fell 0.2%, following a 0.4% gain in March.

北马其顿的年通货膨胀率从上个月的2.6%上升到2025年5月的3.3%，是三个月来最快的。这一加速主要是由于食品和非酒精饮料（4月份为4.9%对1.5%）以及杂项商品和服务（3.9%对2.7%）的价格上涨加快。然而，这些影响被运输价格的大幅下跌（-7.0%对-1.7%）和服装和鞋类（2.9%对4.0%）、餐馆和酒店（7.8%对11.4%）、娱乐和文化（5.0%对6.8%）以及住房和公用事业（2.2%对2.3%）的价格上涨放缓部分抵消。CPI环比上涨1.5%，增速高于4月份的0.6%。

North Macedonia’s annual inflation rate rose to 3.3% in May 2025 from 2.6% in the previous month, marking the fastest pace in three months. The acceleration was mainly driven by faster price increases for food and non-alcoholic beverages (4.9% vs 1.5% in April) and miscellaneous goods and services (3.9% vs 2.7%). However, these effects were partially offset by a steeper price decline in transport (-7.0% vs -1.7%) and slower price increases in clothing and footwear (2.9% vs 4.0%), restaurants and hotels (7.8% vs 11.4%), recreation and culture (5.0% vs 6.8%), and housing and utilities (2.2% vs 2.3%). On a monthly basis, the CPI rose 1.5%, accelerating from a 0.6% increase in April.

北马其顿的失业率从去年同期的12.9%降至2025年第一季度的11.7%。这是有史以来最低的失业率，失业人数下降了9000人，降至92600人。与此同时，就业率从45.4%上升到46.3%，就业人数增加15.1万人，达到70.24万人。劳动力参与率从一年前的52.1%上升到52.4%。

The unemployment rate in North Macedonia declined to 11.7% in the first quarter of 2025 from 12.9% in the same period last year. This marked the lowest jobless rate on record, as the number of unemployed persons dropped by 9.0 thousand to 92.6 thousand. Meanwhile, the employment rate increased to 46.3% from 45.4%, with the number of employed individuals rising by 15.1 thousand to 702.4 thousand. The labor force participation rate ticked up to 52.4% from 52.1% a year ago.