马其他股票指数 (MSE) 加自选

2025年4月，马耳他工业生产同比下降0.2%，扭转了上个月10.1%的三个月高点。这标志着自2024年7月以来工业活动首次下降，因为消费品非耐用品（-1.4%对3月份的18.7%）、消费品（-0.2%对17.8%）和中间产品（-7%对3.8%）的产出大幅下降。此外，资本货物的生产增长放缓（7%对13.4%）。与此同时，能源行业（29.8%对-15.5%）和耐用消费品（11.4%对9.1%）的活动急剧增加。经季节性调整的月度数据显示，4月份工业产出下降6.2%，而前一时期增长4.4%。

Malta’s industrial production fell by 0.2% year-on-year in April 2025, reversing a three-month high of 10.1% increase in the previous month. This marked the first decline in industrial activity since July 2024, as output tumbled for consumer non-durable goods (-1.4% vs 18.7% in March), consumer goods (-0.2% vs 17.8%), and intermediate goods (-7% vs 3.8%). Additionally, production growth slowed for capital goods (7% vs 13.4%). Meanwhile, activity increased sharply for the energy sector (29.8% vs -15.5%) and consumer durable goods (11.4% vs 9.1%). On a seasonally adjusted monthly basis, industrial output dropped by 6.2% in April, following a 4.4% gain in the preceding period.

马耳他的贸易逆差从去年同期的3.642亿欧元扩大到2025年4月的4.013亿欧元。这标志着自去年8月以来最大的贸易逆差，进口增加，出口下降。进口同比增长1.4%，达到7.21亿欧元，主要原因是工业用品（14.3%）和燃料和润滑油（10.8%）的采购量增加。与此同时，出口下降7.7%，至两年低点3.197亿欧元，受资本货物和其他货物（-21.7%）、消费品（-12.9%）和工业用品（-6.4%）出货量下降的拖累。考虑到今年前四个月，该国的贸易逆差从去年同期的12.273亿欧元缩小到11.937亿欧元。

Malta’s trade deficit widened to EUR 401.3 million in April 2025 from EUR 364.2 million in the corresponding month of the previous year. This marked the largest trade shortfall since August last year, as imports rose while exports dropped. Year-on-year, imports advanced by 1.4% to EUR 721 million, mainly attributed to higher purchase of industrial supplies (14.3%) and fuels & lubricants (10.8%). Meanwhile, exports declined by 7.7% to a two-year low of EUR 319.7 million, dragged down by lower shipments of capital goods and others (-21.7%), consumer goods (-12.9%), and industrial supplies (-6.4%). Considering the first four months of the year, the country’s trade deficit narrowed to EUR 1,193.7 million from EUR 1,227.3 million in the same period a year earlier.

马耳他经济在2025年第一季度同比增长3%，低于前三个月向上修正的3.1%的增长。这标志着自2022年第三季度以来最疲软的经济增长，因为家庭消费（0.8%对第四季度的2.5%）和政府支出（0.6%对2.2%）都有所放缓。相反，固定资本形成总额（1.1%对-0.8%）反弹。在外部方面，出口（3.3%对4.1%）和进口（2.8%对4.9%）的增长速度都较慢。

Malta’s economy grew by 3% year-on-year in the first quarter of 2025, slowing from an upwardly revised 3.1% increase in the previous three-month period. This marked the weakest economic growth since the third quarter of 2022, as both household consumption (0.8% vs. 2.5% in Q4) and government spending (0.6% vs. 2.2%) eased. Conversely, gross fixed capital formation (1.1% vs. -0.8%) rebounded. On the external front, both exports (3.3% vs. 4.1%) and imports (2.8% vs. 4.9%) grew at a slower pace.

马耳他的年通货膨胀率从3月份的2.1%上升到2025年4月的2.6%，达到2024年3月以来的最高水平。这一增长主要是由于食品和非酒精饮料（3.9%对3.2%）以及运输（5.7%对3.2%）的价格上涨。住房和公用事业（0.9%对0.7%）、医疗（3%对2.7%）以及餐馆和酒店（2.9%对2.4%）的通货膨胀率也有所上升。相比之下，服装和鞋类（-0.1%对1.8%）、通信（-3.7%对-4.9%）以及家具、家用设备和日常家居维护（-0.2%对0.5%）的价格下跌。按月计算，4月份消费者价格指数上涨3.2%，高于3月份的1.1%，这是自2022年4月以来的最大月度涨幅。

Malta’s annual inflation rate rose to 2.6% in April 2025 from 2.1% in March, marking the highest level since March 2024. The increase was driven mainly by higher prices for food and non-alcoholic beverages (3.9% vs 3.2%) and transport (5.7% vs 3.2%). Inflation also picked up for housing and utilities (0.9% vs 0.7%), health (3% vs 2.7%), and restaurants and hotels (2.9% vs 2.4%). In contrast, prices fell for clothing and footwear (-0.1% vs 1.8%), communication (-3.7% vs -4.9%), and furnishings, household equipment and routine household maintenance (-0.2% vs 0.5%). On a monthly basis, consumer prices jumped 3.2% in April, up from a 1.1% rise in March—the sharpest monthly increase since April 2022.