捷克布拉格PX指数 (PX) 加自选

2025年5月，捷克共和国的零售额同比增长5.3%，超过了市场预期的5.2%的增长，尽管与上个月向下修正的5.7%的增长有所缓和。食品、饮料和烟草的销售活动增速放缓（4月份为0.2%对4.4%）。与此同时，汽车燃料（14.5%对11.4%）和非食品（7.1%对5.3%）的销售额有所上升。经季节性调整的月度数据显示，零售贸易下降0.2%，为2025年1月以来的最大跌幅，扭转了前一时期1.2%的涨幅。

Retail sales in Czech Republic rose by 5.3% year-on-year in May 2025, exceeding market expectations of a 5.2% rise, though easing from a downwardly revised 5.7% gain in the previous month. Sales activity rose at a softer pace for food, beverages and tobacco (0.2% vs 4.4% in April). Meanwhile, higher sales were seen for automotive fuel (14.5% vs 11.4%) and non-food products (7.1% vs 5.3%). On a seasonally adjusted monthly basis, retail trade fell 0.2%, marking the sharpest drop since January 2025, and reversing a 1.2% advance in the preceding period.

初步估计显示，捷克共和国的年通货膨胀率从上个月的2.4%上升到2025年6月的2.9%。这是自2024年12月以来的最高读数，主要是由于食品、酒精和烟草（5月份为5.5%对4.8%）、商品（1.6%对0.9%）和服务（5.0%对4.9%）的成本上涨。与此同时，能源成本下降（-5%对-6.2%），但速度有所放缓。按月计算，消费者价格指数上涨0.3%，较5月份0.5%的涨幅有所回落。

The annual inflation rate in the Czech Republic rose to 2.9% in June 2025 from 2.4% in the previous month, preliminary estimates showed. This marked the highest reading since December 2024, driven by higher costs for food, alcohol, & tobacco (5.5% vs 4.8% in May), goods (1.6% vs 0.9%), and services (5.0% vs 4.9%). Meanwhile, costs for energy fell (-5% vs -6.2%), though at a softer pace. On a monthly basis, consumer prices increased by 0.3%, easing from a 0.5% gain in May.

标准普尔全球捷克制造业采购经理人指数从5月份的48.0升至2025年6月的50.2，超过了市场预期的48.4。这是自2022年5月以来制造业健康状况的首次改善。产量自2022年2月以来首次增加，这得益于客户需求的改善和新订单的再次增加。然而，商品生产商仍持谨慎态度，继续缩减就业和投入采购，作为节约成本措施的一部分。在价格方面，投入成本增长速度较慢，在系列历史背景下也有所放缓。与此同时，产出费用四个月来首次下降。最后，商业信心升至2022年2月以来的最高水平，这主要得益于客户需求持续复苏的希望。

The S&P Global Czechia Manufacturing PMI rose to 50.2 in June 2025 from 48.0 in May, beating market expectations of 48.4. This marked the first improvement in the health of the manufacturing sector since May 2022. Output increased for the first time since February 2022, underpinned by an improvement in client demand and a renewed rise in new orders. However, goods producers remained cautious, continuing to scale back employment and input purchases as part of cost-saving measures. On the price front, input costs rose at a slower pace that was also muted in the context of the series history. Meanwhile, output charges decreased for the first time in four months. Lastly, business confidence ticked up to its highest level since February 2022, supported largely by hopes of a sustained recovery in client demand.

2025年第一季度，捷克共和国的国内生产总值环比增长0.7%，略低于第二次估计的0.8%，与前三个月向上修正的0.8%的增长相比有所缓和。家庭消费增长放缓（第四季度为0.5%比1%），而政府支出（-0.2%比0.5%）和固定资本形成总额（-0.2%对1.3%）则有所下降。与此同时，净贸易对GDP做出了积极贡献，出口（2.6%对-1%）的增长超过了进口（1.9%对-0.9%）。按年度计算，第一季度经济增长2.4%，高于2.2%的预期，而上一季度则向上修正为1.9%。

The Czech Republic’s gross domestic product grew by 0.7% quarter-on-quarter in the first quarter of 2025, slightly below the second estimate of 0.8% and easing from an upwardly revised 0.8% rise in the previous three-month period. Household consumption experienced slower growth (0.5% vs 1% in Q4), while declines were seen for government spending (-0.2% vs 0.5%) and gross fixed capital formation (-0.2% vs 1.3%). Meanwhile, net trade contributed positively to the GDP, as exports (2.6% vs -1%) increased more than imports (1.9% vs -0.9%). On a yearly basis, the economy expanded by 2.4% in Q1, higher than estimates of 2.2% and compared to an upwardly revised 1.9% advance in the previous period.