欧元区的年通货膨胀率从2月份的2.3%降至2025年3月的2.2%，与初步估计一致。能源价格在上个月小幅上涨0.2%后，再次下跌1%。与此同时，服务业的通胀略有放缓（3.5%对3.7%），非能源工业品的通胀稳定（0.6%），但食品、酒精和烟草的通胀加速（2.9%对2.7%）。在欧盟最大的经济体中，德国（2.3%对2.6%）、西班牙（2.2%对2.9%）、荷兰（3.4%对3.5%）和比利时（3.6%对4.4%）的通货膨胀有所缓解，但法国（0.9%）保持稳定，意大利（2.1%对1.7%）的通货膨胀加速。不包括能源、食品、酒精和烟草价格的年度核心通胀率从2月份的2.6%降至2.4%，为2021年10月以来的最低水平，也与初步数据一致。

The annual inflation rate in the Eurozone slowed to 2.2% in March 2025 from 2.3% in February, in line with the preliminary estimate. Energy prices resumed their decline, falling 1% after a modest 0.2% increase in the previous month. Meanwhile, inflation slowed slightly for services (3.5% vs 3.7%) and steadied for non-energy industrial goods (at 0.6%) but accelerated for food, alcohol and tobacco (2.9% vs 2.7%). Among the bloc's largest economies, inflation eased in Germany (2.3% vs 2.6%), Spain (2.2% vs 2.9%), the Netherlands (3.4% vs 3.5%), and Belgium (3.6% vs 4.4%), but steadied in France (at 0.9%) and accelerated in Italy (2.1% vs 1.7%). Annual core inflation which excludes prices for energy, food, alcohol & tobacco, eased to 2.4%, the lowest rate since October 2021, from 2.6% in February and also in line with the preliminary figure.

2025年3月，欧元区的年度核心通货膨胀率（不包括能源、食品、酒精和烟草价格）为2.4%，与初步估计一致，低于最初市场预期的2.5%。这是自2021年10月以来的最低利率，为欧洲央行放松货币政策和关注增长问题提供了空间。与上月相比，核心消费者价格上涨了1%。

The annual core inflation rate in the Euro Area, which excludes prices for energy, food, alcohol and tobacco was at 2.4% in March of 2025, in line with the preliminary estimate and lower than the initial market expectations of 2.5%. It was the lowest rate since October of 2021, adding room for the European Central Bank to loosen monetary policy and attend to growth concerns. From the previous month, core consumer prices rose by 1%.

2025年2月，欧元区的经常账户盈余从一年前的338亿欧元收窄至331亿欧元。服务业盈余从74亿欧元降至71亿欧元，初级收入盈余从44亿欧元降至21亿欧元。另一方面，商品顺差从367亿欧元扩大到383亿欧元，次级收入缺口从148亿欧元缩小到143亿欧元。经季节性调整后，2月份经常账户盈余从上月的403亿欧元降至343亿欧元。

The current account surplus in the Euro Area narrowed to €33.1 billion in February 2025 from €33.8 billion a year earlier. The services surplus fell to €7.1 billion from €7.4 billion, and the primary income surplus went down to €2.1 billion from €4.4 billion. On the other hand, the goods surplus widened to €38.3 billion from €36.7 billion, and the secondary income shortfall narrowed to €14.3 billion from €14.8 billion. On a seasonally adjusted basis, the current account surplus fell to €34.3 billion in February from €40.3 billion in the previous month.

欧洲股市周三下跌，STOXX 50和STOXX 600指数均下跌0.6%，因贸易战紧张局势持续存在，投资者消化了新一轮企业盈利。科技股受创最重，ASML股价下跌6.5%，此前该公司公布了令人失望的第一季度净预订量。该公司首席执行官还警告称，“我们一些客户的不确定性”可能会将全年收入推向指导的下限。英伟达的公告进一步增加了科技和半导体行业的压力，该公告揭示，美国政府在没有许可证的情况下阻止了某些人工智能芯片向中国的销售。该公司还指出，预计本季度收入将减少55亿美元。基本资源和金融服务也是表现最差的行业之一。

European stocks declined on Wednesday, with both the STOXX 50 and STOXX 600 falling 0.6%, as trade war tensions persisted and investors digested a fresh round of corporate earnings. Technology stocks were the hardest hit, led by a 6.5% drop in ASML shares after the company reported disappointing Q1 net bookings. Its CEO also warned that “uncertainty with some of our customers” could push full-year revenue toward the lower end of guidance. Adding further pressure to the tech and semiconductor sectors were announcements from Nvidia, revealing that the US government had blocked sales of certain AI chips to China without a license. The company also noted it expects to take a $5.5 billion revenue hit this quarter as a result. Basic resources and financial services also ranked among the worst-performing sectors.