波兰华沙WIG指数 (WIG) 加自选

2025年7月，波兰的零售额同比增长4.8%，高于上个月的2.2%，超过了市场预期的3.5%的增长。药品、化妆品和骨科设备（6月份为7.2%对5.8%）、纺织品、服装和鞋类（13.2%对11.8%）、家具、收音机、电视和家用电器（13.8%对10.2%）以及报纸、书籍和其他专卖店销售（2.4%对1.9%）的销售额增长。此外，食品、饮料和烟草的销售额出现反弹（4.7%对-0.1%）。相比之下，机动车和汽车零部件的销售增长放缓（4.5%对7.7%），而固体、液体和气体燃料则下降（-4.9%对5.7%）。按月计算，7月份零售活动增长4.4%，扭转了前一时期1.8%的下降趋势。

Retail sales in Poland rose by 4.8% year-on-year in July 2025 from 2.2% in the previous month and exceeding market expectations of a 3.5% rise. Sales grew for pharmaceuticals, cosmetics, and orthopedic equipment (7.2% vs 5.8% in June), textile, clothing, and footwear (13.2% vs 11.8%), furniture, radio, TV, and household appliances (13.8% vs 10.2%), and newspaper, books, and other sale in specialized stores (2.4% vs 1.9%). Additionally, sales for food, beverages and tobacco rebounded (4.7% vs -0.1%). In contrast, sales growth slowed for motor vehicles and motor parts (4.5% vs 7.7%), while solid, liquid, and gaseous fuels declined (-4.9% vs 5.7%). On a monthly basis, retail activity grew by 4.4% in July, reversing a 1.8% fall in the preceding period.

2025年7月，波兰的工业产出同比增长2.9%，超过了市场预期的1.6%，并从上个月向下修正的0.4%的下降中反弹。经济好转主要是由于制造业产出增加（6月份为3.4%对0%）。与此同时，采矿和采石业（-6.7%对-8.3%）以及电力、天然气、蒸汽和空调供应（-1.8%对-6.7%）的产量下降速度较慢。另一方面，供水、排污、废物管理和修复活动的产量略有下降（3.1%对3.2%）。按月计算，7月份工业产出增长0.2%，扭转了6月份向下修正的1.4%的跌幅。

Poland's industrial output rose 2.9% year-on-year in July 2025, exceeding market expectations of 1.6% and rebounding from a downwardly revised 0.4% fall in the previous month. The upturn was mainly driven by increased output in manufacturing (3.4% vs 0% in June). At the same time, output declined at a softer pace in mining and quarrying (-6.7% vs -8.3%) and in electricity, gas, steam, and air conditioning supply (-1.8% vs -6.7%). On the other hand, production eased slightly in water supply, sewerage, waste management, and remediation activities (3.1% vs 3.2%). On a monthly basis, industrial output rose 0.2% in July, reversing a downwardly revised 1.4% drop in June.

2025年7月，波兰企业就业人数同比下降0.9%，至643万人，略高于市场预测和上个月0.8%的下降。这标志着企业就业人数连续第24个月下降。按月计算，就业水平在前一时期持平后下降了0.1%。与此同时，平均月工资总额同比增长7.6%，达到8905.6兹罗提。

Poland’s corporate employment fell by 0.9% year-on-year to 6.43 million in July 2025, slightly more than market forecasts and the previous month’s 0.8% decline. This marked the 24th consecutive month of decrease in corporate employment. On a monthly basis, employment levels fell by 0.1% after a flat reading in the preceding period. Meanwhile, the average monthly gross salary increased by 7.6% from a year earlier to PLN 8,905.6.

2025年7月，波兰生产者价格指数同比下降1.2%，低于市场预期的1.4%的跌幅，较上月1.5%的跌幅有所缓解。制造业的价格通缩放缓（-0.9%对6月份的-1.3%），而电力、天然气、蒸汽和空调供应（-2.2%对-1.2%）以及采矿和采石业（-7.8%对-7.7%）的价格通缩进一步下降。与此同时，供水和废物管理成本保持不变，为2.5%。按月度计算，2025年7月生产者价格指数下跌0.1%，扭转了前一个月0.5%的涨幅。

Producer prices in Poland decreased by 1.2% year-on-year in July 2025, less than market expectations of a 1.4% drop and easing from a 1.5% decline in the previous month. Price deflation slowed for manufacturing (-0.9% vs -1.3% in June), while it dropped further for electricity, gas, steam and air conditioning supply (-2.2% vs -1.2%), and mining and quarrying (-7.8% vs -7.7%). Meanwhile, costs for water supply and waste management remained unchanged at 2.5%. On a monthly basis, producer prices fell 0.1% in July 2025, reversing a 0.5% gain in the previous month.