爱沙尼亚塔林OMX指数 (OMXTallinn) 加自选

2025年8月，爱沙尼亚的零售额同比下降1.7%，扭转了上个月0.7%的增长。这是自2024年11月以来零售活动的首次下降，原因是销售制成品的商店和杂货店的表现较弱。在销售制成品的商店中，邮购和互联网销售的降幅最大（-13.6%对7月份的-3.4%）。以食品、饮料或烟草为主的非专业商店（-3.9%对-4.6%）、销售家用电器、五金和建筑材料的商店（-3.6%对-7.9%）以及药店和化妆品商店（-2.2%对1.9%）的营业额也有所下降。电脑、外围设备和软件的销售增长也明显放缓；电信设备等。（1.6%对27.8%）。相比之下，纺织品、服装和鞋类以及皮革制品的销售额反弹（4.1%对-0.1%）。按月计算，零售活动下降3.3%，较7月份的0.5%进一步下滑。

Retail sales in Estonia fell by 1.7% year-on-year in August 2025, reversing a 0.7% rise in the previous month. This was the first decline in retail activity since November 2024, amid weaker performance in stores selling manufactured goods as well as grocery stores. Among stores selling manufactured goods, the sharpest drop was recorded in mail-order and internet sales (-13.6% vs -3.4% in July). Turnover volume also fell in non-specialised stores with food, beverages or tobacco predominating (-3.9% vs -4.6%), in stores selling household goods and appliances, hardware and building materials (-3.6% vs -7.9%), and in pharmacies and cosmetics stores (-2.2% vs 1.9%). Sales growth also slowed markedly for computers, peripheral units and software; telecommunications equipment, etc. (1.6% vs 27.8%). In contrast, sales rebounded for textiles, clothing and footwear, and leather goods (4.1% vs -0.1%). On a monthly basis, retail activity dropped 3.3%, slipping further from a 0.5% fall in July.

爱沙尼亚的生产者价格指数在2025年8月同比下降1.6%，较上月2.2%的跌幅有所缓解，标志着连续第三个月出现通货紧缩。电力、天然气、蒸汽和空调的成本下降速度较慢（-18.27%对-40.01%）。与此同时，采矿和采石价格回升（2.73%对-0.98%）。另一方面，制造业价格下降（-0.08%对1.12%），而供水、污水处理、废物管理和修复活动的价格保持不变（3.32%）。8月份，生产者价格指数环比上涨1.6%，较上月0.3%的跌幅有所回升。

Estonia’s producer prices fell by 1.6% year-on-year in August 2025, easing from a 2.2% drop in the previous month, marking the third consecutive month of deflation. Costs declined at a softer pace for electricity, gas, steam, and air conditioning (-18.27% vs -40.01%). At the same time, prices recovered for mining and quarrying (2.73% vs -0.98%). On the other hand, prices decreased for manufacturing (-0.08% vs 1.12%), while it remained unchanged for water supply, sewerage, waste management, and remediation activities (3.32%). On a monthly basis, producer prices grew 1.6% in August, rebounding from the previous month’s 0.3% fall.

爱沙尼亚的年通货膨胀率从上个月的5.4%上升到2025年8月的6.1%，达到2023年7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价格大幅上涨，上涨9.2%，为2023年9月以来的最高水平，而7月份为9.1%。其他几个类别的价格也有所上涨：烟酒（6.2%对4.9%）、交通（9.7%对8.9%）、通信（3.1%对1.9%）、教育（2.7%对2.5%）、健康（11.0%对10.5%）、家居用品（2.9%对2.8%）以及酒店、咖啡馆和餐馆（5.5%对5.4%）。房价也出现反弹，在7月份下跌1.8%后上涨1.5%。相比之下，娱乐和文化（8.2%对9.0%）以及杂项商品和服务（4.2%对4.7%）的通货膨胀有所缓和。按月计算，8月份消费者价格指数上涨1.0%，高于7月份0.6%的涨幅，这是四个月来最快的月度涨幅。

The annual inflation rate in Estonia rose to 6.1% in August 2025, up from 5.4% in the previous month, marking the highest level since July 2023. The increase was primarily driven by a sharp rise in food and non-alcoholic beverage prices, which climbed 9.2%, the highest since September 2023, compared to 9.1% in July. Prices also accelerated in several other categories: alcohol and tobacco (6.2% vs 4.9%), transport (9.7% vs 8.9%), communications (3.1% vs 1.9%), education (2.7% vs 2.5%), health (11.0% vs 10.5%), household goods (2.9% vs 2.8%), and hotels, cafes and restaurants (5.5% vs 5.4%). Housing prices also rebounded, rising 1.5% after a 1.8% decline in July. By contrast, inflation moderated in recreation and culture (8.2% vs 9.0%) and miscellaneous goods and services (4.2% vs 4.7%). On a monthly basis, consumer prices increased by 1.0% in August, accelerating from a 0.6% rise in July—the fastest monthly increase in four months.

2025年7月，爱沙尼亚的工业生产同比增长0.7%，低于上个月向上修正的4.1%的增长。经济放缓主要是由于制造业产出增长放缓（6月份为3.5%对7.2%），特别是金属制品，但机械设备（1.9%对10.2%）和计算机、电子和光学产品（7.6%对8%）除外。与此同时，电力、天然气、蒸汽和空调供应的产量继续萎缩（-29.1%对-8.9%）。与此同时，采矿和采石业的产量下降速度较慢（-8.7%对-33.5%）。按月计算，7月份工业生产下降了5.4%，而上一时期的下降幅度为1.4%。

Industrial production in Estonia rose by 0.7% year-on-year in July 2025, easing from an upwardly revised 4.1% increase in the previous month. The slowdown was mainly driven by moderated growth in manufacturing output (3.5% vs 7.2% in June), particularly in fabricated metal products, except machinery and equipment (1.9% vs 10.2%) and computer, electronic and optical products (7.6% vs 8%). At the same time, output for electricity, gas, steam, and air-conditioning supply continued to contract (-29.1% vs -8.9%). Meanwhile, output declined at a softer pace for mining and quarrying (-8.7% vs -33.5%). On a monthly basis, industrial production fell by 5.4% in July from an upwardly revised 1.4% drop in the prior period.