斯洛伐克SAX指数 (SAX) 加自选

斯洛伐克的年通货膨胀率从上个月的四个月低点3.7%上升到2025年5月的4.1%，符合市场预期。上涨的原因是几个关键类别的价格上涨，包括食品和非酒精饮料（4月份为3.9%对3.6%）、住房和公用事业（2.8%对2.5%）、家具、家用设备和日常家居维护（3.5%对2.8%）、酒精饮料和烟草（4.9%对3.2%）、健康（2.0%对1.9%）、娱乐和文化（5.0%对4.7%）以及杂项商品和服务（6.5%对5.9%）。与此同时，运输价格反弹（0.1%对-1.6%）。另一方面，服装和鞋类的通货膨胀率略有下降（3.4%对3.6%），而通信（6.1%）和教育（10.2%）的价格保持不变。按月计算，5月份消费者价格指数从上月的0.1%上涨了0.5%。

Slovakia’s annual inflation rate increased to 4.1% in May 2025 from a four-month low of 3.7% in the previous month, in line with market expectations. The upturn was driven by higher prices across several key categories, including food and non-alcoholic beverages (3.9% vs 3.6% in April), housing and utilities (2.8% vs 2.5%), furnishings, household equipment and routine household maintenance (3.5% vs 2.8%), alcoholic beverages and tobacco (4.9% vs 3.2%), health (2.0% vs 1.9%), recreation and culture (5.0% vs 4.7%), and miscellaneous goods and services (6.5% vs 5.9%). At the same time, prices rebounded for transport (0.1% vs -1.6%). On the other hand, inflation eased slightly for clothing and footwear (3.4% vs 3.6%), while prices remained unchanged for communication (6.1%) and education (10.2%). On a monthly basis, consumer prices increased by 0.5% in May, from 0.1% in the prior month.

斯洛伐克的建筑产量在2025年4月同比下降2.7%，扭转了上个月6.8%的增长。这是自2024年10月以来的首次收缩，主要是由于国内生产下降（-5%对3月份的3.4%），即维修和维护（-7.7%对-0.4%）、新建筑（-5.5%对5.6%）、建筑施工（-5.3%对-0.6%）和工程（-4.3%对15.3%）。与此同时，国外建筑业产出增长从上月的36.2%放缓至14.2%。

Slovakia’s construction output fell by 2.7% year-on-year in April 2025, reversing a 6.8% increase in the previous month. This marked the first contraction since October 2024, mainly driven by a drop in domestic production (-5% vs 3.4% in March), namely repair and maintenance (-7.7% vs -0.4%), new construction (-5.5% vs 5.6%), building construction (-5.3% vs -0.6%), and engineering works (-4.3% vs 15.3%). At the same time, construction output growth abroad slowed to 14.2% from 36.2% in the prior month.

2025年4月，斯洛伐克的工业生产同比下降0.4%，扭转了上个月3.5%的八个月高点。下降的主要原因是制造业产出急剧放缓，与上月6%的增长相比，仅增长了0.5%，特别是在机械制造业（-13.6%）、电气设备制造业（-12.9%）以及橡胶和塑料制造业（-5%）。此外，采矿和采石业的产出增长有所放缓（17.8%对19.6%）。与此同时，电力、天然气和空调供应的产量下降有所放缓（-9.5%对-15.6%）。经季节性调整的月度数据显示，4月份工业活动从上月的0.7%小幅降至0.5%。

Industrial production in Slovakia fell by 0.4% year-on-year in April 2025, reversing an eight-month high of 3.5% in the previous month. The decline was primarily driven by a sharp slowdown in manufacturing output, which rose just 0.5% compared to a 6% increase in the previous month, particularly in the manufacture of machinery (-13.6%), electrical equipment (-12.9%), and rubber and plastics (-5%). Additionally, output growth eased in mining and quarrying (17.8% vs 19.6%). Meanwhile, the decline in output for electricity, gas, and air-conditioning supply moderated (-9.5% vs -15.6%). On a seasonally adjusted monthly basis, industrial activity edged down to 0.5% in April from 0.7% in the preceding month.

斯洛伐克在2025年4月录得30万欧元的贸易逆差，与去年同期3.841亿欧元的顺差相比发生了重大转变，因为出口下降而进口增加。出口同比下降0.3%，至89.662亿欧元，主要原因是机械和运输设备销售额下降2%。对欧盟的出口下降了1%以上，而对非欧盟国家的出口增长了4%以上。与此同时，进口增长4.2%，达到89.664亿欧元，10个产品类别中有9个出现增长。其中，杂项工业产品进口增长15.5%。来自欧盟的进口增长超过1%，而来自非欧盟国家的进口增长了10%。今年前四个月，该国的贸易顺差从去年同期的20.652亿欧元大幅收窄至2.999亿欧元。

Slovakia recorded a trade deficit of EUR 0.3 million in April 2025, a significant shift from a surplus of EUR 384.1 million in the same month last year, as exports fell while imports increased. Exports dropped by 0.3% year-on-year to EUR 8,966.2 million, primarily due to a 2% drop in sales of machinery and transport equipment. Exports to the EU decreased by more than 1%, while those to non-EU countries rose by over 4%. Meanwhile, imports grew by 4.2% to EUR 8,966.4 million, with 9 out of 10 product categories posting growth. This was led by a 15.5% jump in imports of miscellaneous industrial products. Imports from the EU increased by more than 1%, while those from non-EU countries went up by 10%. For the first four months of the year, the country’s trade surplus narrowed significantly to EUR 299.9 million from EUR 2,065.2 million in the corresponding period a year ago.