2025年8月，意大利工业销售额环比下降0.7%，扭转了7月份0.4%的增长。外国市场的下降更为明显，销售额下降了1.8%，而前一个月增长了0.9%，而国内销售额在7月份持平后小幅下降了0.1%。批发贸易的跌幅最大（-2.0%），而其他服务业的跌幅较小（-0.3%）。按年度计算，8月份工业销售小幅下降0.1%，而前一个月增长1.2%。

Industrial sales in Italy fell by 0.7% month-on-month in August 2025, reversing a 0.4% increase in July. The decline was more pronounced in the foreign market, where sales dropped 1.8% compared to a 0.9% rise in the previous month, while domestic sales decreased slightly by 0.1% after remaining flat in July. The largest drop was seen in wholesale trade (-2.0%), whereas other services saw a more modest decline (-0.3%). On a yearly basis, industrial sales edged down 0.1% in August, following a 1.2% growth in the prior month.

意大利10年期英国国债收益率升至3.4%，为10月14日以来的最高水平，因为欧洲投资者在欧洲央行今天晚些时候的政策决定之前对美联储的鹰派立场做出了反应。周三，美联储今年第二次降息25个基点，但主席杰罗姆·鲍威尔警告称，12月的进一步宽松“不是板上钉钉的事”。与此同时，意大利的借贷成本在周四的拍卖中有所下降，财政部在2036年2月到期的新的10年期BTP中出售了45亿欧元，总收益率为3.46%，为2024年11月以来的最低水平。经济数据显示，意大利经济在第三季度意外停滞，受到工业部门收缩和服务业停滞的拖累，而失业率微升至6.1%，高于保持在6%的预期。

Italy’s 10-year BTP yield rose to 3.4%, its highest level since October 14, as European investors reacted to the Federal Reserve’s somewhat hawkish stance ahead of the ECB’s policy decision later today. On Wednesday, the Fed cut interest rates by 25 basis points for the second time this year, but Chair Jerome Powell warned that further easing in December is “not a foregone conclusion.” Meanwhile, Italy’s borrowing costs fell at Thursday’s auctions, with the Treasury selling €4.5 billion in a new 10-year BTP maturing in February 2036 at a gross yield of 3.46%, the lowest since November 2024. Economic data showed the Italian economy unexpectedly stalled in Q3, weighed down by a contraction in the industrial sector and stagnant services, while the unemployment rate edged up to 6.1%, above expectations of remaining at 6%.

意大利5年期债券拍卖从之前的2.94%降至2.75%。意大利5年期债券拍卖从之前的2.94%降至2.75%

Italy 5-y Bond Auction dipped from previous 2.94% to 2.75%.Italy 5-y Bond Auction dipped from previous 2.94% to 2.75%

意大利10年期债券拍卖从之前的3.62%降至3.46%。意大利10年期债券拍卖从之前的3.62%降至3.46%

Italy 10-y Bond Auction fell from previous 3.62% to 3.46%.Italy 10-y Bond Auction fell from previous 3.62% to 3.46%