马其他股票指数 (MSE) 加自选

马耳他的年通货膨胀率从上个月的2.7%小幅降至2025年6月的2.5%。交通（3.6%对5.6%，5月份）、杂项商品和服务（3.9%对4.3%）、教育（5.2%对5.6%）、卫生（2.7%对3%）、娱乐和文化（1%对1.2%）、家具、家用设备和日常家居维护（0.1%对0.4%）以及住房和公用事业（0.6%对0.7%）的价格有所缓和。通信领域的通货紧缩也以与上月相同的速度持续（-3.6%）。与此同时，酒精饮料和烟草（2%对1.8%）以及餐馆和酒店（4%对3.3%）的价格上涨速度更快，而食品和非酒精饮料的价格保持不变（4.2%）。此外，服装和鞋类的成本在上一时期下降0.7%后趋于稳定。按月计算，6月份消费者价格指数上涨1.2%，较5月份的1.7%有所回落。

Malta’s annual inflation rate inched down to 2.5% in June 2025 from 2.7% in the previous month. Prices moderated for transport (3.6% vs 5.6%in May), miscellaneous goods and services (3.9% vs 4.3%), education (5.2% vs 5.6%), health (2.7% vs 3%), recreation and culture (1% vs 1.2%), furnishings, household equipment, and routine household maintenance (0.1% vs 0.4%), and housing and utilities (0.6% vs. 0.7%). Deflation also continued for communication at the same rate as last month (at -3.6%). Meanwhile, prices rose at a faster pace for alcoholic beverages and tobacco (2% vs 1.8%) and restaurants and hotels (4% vs 3.3%), while prices remained unchanged for food and non-alcoholic beverages (at 4.2%). Additionally, costs stabilized for clothing and footwear after a 0.7% drop in the prior period. On a monthly basis, consumer prices increased by 1.2% in June, easing from a 1.7% gain in May.

2025年5月，马耳他工业生产同比增长3.7%，从前一个月向上修正的0.7%的下降中反弹。资本货物（4月份为17.8%对7.9%）、非耐用消费品（3.6%对-1%）和消费品（3.2%对0.1%）的产出有所增长，而制造业的产出有所恢复（3.9%对-1%。此外，中间产品的产量下降速度较慢（-2.4%对-7.9%）。与此同时，耐用消费品（-2.4%对10.9%）和能源（-0.9%对7.3%）的产量下降。经季节性调整的月度数据显示，5月份工业活动增长3.4%，而前一时期则向上修正为6.5%的下降。

Malta’s industrial production climbed 3.7% year-on-year in May 2025, rebounding from an upwardly revised 0.7% fall in the previous month. Output production rose for capital goods (17.8% vs 7.9% in April), consumer non-durable goods (3.6% vs -1%), and consumer goods (3.2% vs 0.1%), while production recovered for manufacturing (3.9% vs -1%). Additionally, output declined at a softer pace for intermediate goods (-2.4% vs -7.9%). Meanwhile, production fell for consumer durable goods (-2.4% vs 10.9%) and energy (-0.9% vs 7.3%). On a seasonally adjusted monthly basis, industrial activity grew by 3.4% in May, following an upwardly revised 6.5% drop in the preceding period.

马耳他的贸易逆差从去年同期的3.887亿欧元缩减至2025年5月的2.732亿欧元。进口额同比下降23.3%，至6.38亿欧元，主要原因是矿物燃料、润滑油和相关材料以及机械和运输设备的采购量减少。与此同时，出口下降17.6%，至3.65亿欧元，主要原因是矿物燃料、润滑油和相关材料以及机械和运输设备，部分被化学品的增加所抵消。考虑到2025年前五个月，该国的贸易逆差从2024年的16.225亿欧元缩小到14.922亿欧元，出口下降10.9%至17.85亿欧元，进口下降9.6%至32.78亿欧元。商品主要从欧盟（占总采购量的60.3%）和亚洲（21.0%）进口。出口主要针对欧盟（占总出货量的36.1%）和亚洲（12.9%）。值得注意的是，前往美国的人数急剧下降（-65.9%）。

Malta’s trade shortfall shrank to EUR 273.2 million in May 2025 from EUR 388.7 million in the corresponding month of the previous year. Imports plunged by 23.3% year-on-year to EUR 638 million, mainly due to lower purchases of mineral fuels, lubricants and related materials, and machinery and transport equipment. Meanwhile, exports fell by 17.6% to EUR 365 million, largely on account of mineral fuels, lubricants and related materials, and machinery and transport equipment, partly offset by an increase in chemicals. Considering the first five months of 2025, the country's trade deficit narrowed to EUR 1,492.2 million from EUR 1,622.5 million in 2024, as exports slipped by 10.9% to EUR 1,785 million and imports fell 9.6% to EUR 3,278 million. Goods were imported mainly from the European Union (60.3% of total purchases) and Asia (21.0%). Exports were mostly directed to the European Union (36.1% of total shipments) and Asia (12.9%). Notably, those to the US saw a steep decline (-65.9%).

马耳他的生产者价格指数在2025年5月同比下降0.4%，比上个月下降0.6%有所放缓。这标志着连续第五个月下降，尽管速度有所放缓，主要是由于中间产品下降较慢（4月份为-3.6%对-5%）。此外，资本货物的成本持续上升（0.7%对2.5%）。与此同时，消费品（2%）的生产者通胀率保持不变，尤其是非耐用品（2.2%）。按月计算，5月份生产者价格指数下降0.5%，扭转了前一时期0.2%的涨幅。

Malta’s producer prices fell by 0.4% year-on-year in May 2025, slowing from a 0.6% drop in the previous month. This marked the fifth consecutive month of decline albeit at a softer pace, mainly due to a slower decrease for intermediate goods (-3.6% vs -5% in April). Additionally, costs continued to increase for capital goods (0.7% vs 2.5%). Meanwhile, producer inflation remained unchanged for consumer goods (at 2%), particularly non-durable goods (at 2.2%). On a monthly basis, producer prices went down by 0.5% in May, reversing a 0.2% gain in the preceding period.