2025年7月，意大利建筑业产出同比增长5.2%，低于上个月的5.7%。然而，这标志着该行业连续第七个月实现增长。经季节性调整的月度数据显示，7月份产出增长0.7%，扭转了前一个月0.1%的下降趋势。在过去的七个月里，建筑产量比去年同期增长了4.7%。

Construction output in Italy increased by 5.2% year-on-year in July 2025, slowing from a 5.7% gain in the previous month. Nevertheless, this marked the seventh consecutive month of growth in the sector. On a seasonally adjusted monthly basis, output rose by 0.7% in July, reversing a 0.1% fall in the preceding month. Over the past seven months, construction output grew by 4.7% compared to the same period last year.

周四早盘，富时MIB指数下跌0.4%，至约42100点，削减了上一交易日的涨幅，表现不如大多数欧洲同行。交易员继续消化全球货币政策举措，同时也关注美国总统特朗普和中国国家主席Xi就贸易谈判发出的信号。银行业的表现喜忧参半。意大利联合信贷银行（+1.4%）、联合圣保罗银行（+0.9%）、Bper Banca银行（+1.3%）和Finecobank银行（+1.5%）上涨，此前有报道称意大利可能获得惠誉评级上调，这反映了政治稳定和公共财政的改善。相比之下，锡耶纳银行（-1.0%）和BPM银行（-0.7%）股价下跌。其他明显落后的公司包括泰纳瑞斯（-1.2%）和意法半导体（-0.8%）。本周，富时MIB指数仍将下跌1%以上。

The FTSE MIB fell 0.4% to around 42,100 in early trading on Thursday, trimming gains in the last session and underperforming most European peers. Traders continued to digest global monetary policy moves, while also monitoring a call between US President Trump and China’s President Xi for signals on trade negotiations. Within the banking sector, performance was mixed. UniCredit (+1.4%), Intesa Sanpaolo (+0.9%), Bper Banca (+1.3%), and Finecobank (+1.5%) advanced after reports suggested Italy could receive a Fitch ratings upgrade, reflecting political stability and improving public finances. In contrast, Banca Monte dei Paschi di Siena (-1.0%) and Banco BPM (-0.7%) traded lower. Other notable laggards included Tenaris (-1.2%) and STMicroelectronics (-0.8%). For the week, the FTSE MIB remains on track for a decline of more than 1%.

在米兰，富时MIB指数周四上涨353点，涨幅0.84%。涨幅最大的是意法半导体（4.83%）、法拉利NV（3.39%）和Amplifon（2.79%）。跌幅最大的是MFE MediaForEurope（-2.82%）、意大利电信（-1.20%）和Davide Campari Milano（-1.08%）。

In Milan, the FTSE MIB Index rose 353 points or 0.84 percent on Thursday. Leading the gains are STMicroelectronics (4.83%), Ferrari NV (3.39%) and Amplifon (2.79%). Top losers were MFE-MediaForEurope (-2.82%), Telecom Italia (-1.20%) and Davide Campari-Milano (-1.08%).

周四，富时MIB指数上涨0.8%，收于42308点，追随美联储联邦公开市场委员会公布普遍预期的25个基点降息后欧洲的积极势头，这是美联储今年的首次宽松举措。意法半导体领涨指数（+4.7%），此前该公司公布了在法国图尔建立一条试点生产线的计划，以推进自动化芯片封装和测试工艺，预计将于2026年第三季度投入运营。法拉利（+3.4%）、联合圣保罗银行（+0.4%）、联合信贷银行（+0.2%）、Amplifon（+2.8%）和布鲁内洛·库奇内利（+4.0%）也上涨。下跌方面，Enel（-0.5%）、意大利电信（-1.2%）、Terna（-0.9%）和Campari（-1.1%）下跌。

The FTSE MIB rose 0.8% to close at 42,308 on Thursday, tracking the positive momentum in Europe after the Fed’s FOMC delivered a widely expected quarter-point rate cut, its first easing move of the year. STMicroelectronics led the index (+4.7%) after unveiling plans for a pilot line in Tours, France, to advance automated chip packaging and test processes, expected to be operational in Q3 2026. Ferrari (+3.4%), Intesa Sanpaolo (+0.4%), Unicredit (+0.2%), Amplifon (+2.8%), and Brunello Cucinelli (+4.0%) also gained. On the downside, Enel (-0.5%), Telecom Italia (-1.2%), Terna (-0.9%), and Campari (-1.1%) slipped.