奥地利10年期国债 (Austria10Y) 加自选

奥地利的年通货膨胀率从上个月的3.6%攀升至2025年8月的4.1%，与初步估计相符。这是自去年3月以来的最高读数，原因是酒精饮料和烟草（3.8%对7月的3.6%）、住房和公用事业（6.1%对5.7%）、健康（4.6%对4.5%）、交通（1.2%对0.3%）、娱乐和文化（4.1%对3.9%）以及餐馆和酒店（6.1%比5.8%）的成本上涨。此外，服装和鞋类价格反弹（4.5%对-0.2%），家具、家用设备和维护价格在持平后上涨（0.5%）。与此同时，教育方面的通胀有所缓和（4.8%对5.0%），而食品和非酒精饮料（5.2%）以及杂项商品和服务（4.7%）保持不变。按月计算，8月份消费者价格指数上涨0.2%，较前一时期0.3%的涨幅有所放缓。

The annual inflation rate in Austria climbed to 4.1% in August 2025 from 3.6% in the previous month, matching preliminary estimates. This marked the highest reading since March last year, driven by higher costs in alcoholic beverages and tobacco (3.8% vs 3.6% in July), housing and utilities (6.1% vs 5.7%), health (4.6% vs 4.5%), transportation (1.2% vs 0.3%), recreation and culture (4.1% vs 3.9%), and restaurants and hotels (6.1% vs 5.8%). Additionally, prices rebounded for clothing and footwear (4.5% vs -0.2%), and rose for furnishings, household equipment, and maintenance (0.5%) after a flat reading. Meanwhile, inflation softened for education (4.8% vs 5.0%), while both food and non-alcoholic beverages (5.2%) and miscellaneous goods and services (4.7%) remained unchanged. On a monthly basis, consumer prices increased by 0.2% in August, slowing from a 0.3% gain in the preceding period.

2025年7月，奥地利工业生产同比增长1.8%，较上月上调的2%有所缓和。温和放缓的主要原因是中间产品（2%对6月份的6.3%）和非耐用品（10.1%对11.2%）的生产增长放缓。此外，能源产量继续下降（-7.6%对-6.8%）。与此同时，资本货物的生产增长（4.2%对3%），而耐用消费品的收缩放缓（-7%对-9.3%）。经季节性调整的月度数据显示，7月份工业产出从上一时期向上修正的0.9%增长小幅降至0.8%。

Industrial production in Austria rose by 1.8% year-on-year in July 2025, easing from an upwardly revised 2% gain in the previous month. The modest slowdown was mainly due to softer growth in production of intermediate goods (2% vs 6.3% in June) and consumer non-durables (10.1% vs 11.2%). Additionally, output continued to decline for energy (-7.6% vs -6.8%). Meanwhile, production grew for capital goods (4.2% vs 3%), while contraction slowed for consumer durables (-7% vs -9.3%). On a seasonally adjusted monthly basis, industrial output edged down to 0.8% in July from an upwardly revised 0.9% rise in the preceding period.

2025年8月，奥地利批发价格同比上涨0.2%，从前一个月0.1%的跌幅反弹。咖啡、茶、可可和香料（+24.7%）、手表和珠宝（+18.9%）、活体动物（+18.5%）和非酒精饮料（+9.6%）的成本大幅上涨推动了这一增长。上升压力还来自水果和蔬菜（+7.3%）、肉类和肉制品（+5.9%）、酒精饮料（+5.3%）、乐器（+5.1%）和乳制品、鸡蛋、食用油和脂肪（+5.0%）。相反，初级形式的塑料和橡胶（-9.7%）、废物和废料（-9.5%）、其他液体和气体燃料及相关产品（-8.7%），固体燃料（-8.6%）和汽油（-5.4%）的价格下跌。8月份批发价格环比下跌0.6%，扭转了前一时期0.2%的涨幅。

Wholesale prices in Austria rose by 0.2% year-on-year in August 2025, rebounding from a 0.1% drop in the previous month. The growth was driven by significant increases in costs for coffee, tea, cocoa and spices (+24.7%), watches and jewelry (+18.9%), live animals (+18.5%) and non-alcoholic beverages (+9.6%). Upward pressures also came from fruits and vegetables (+7.3%), meat and meat products (+5.9%), alcoholic beverages (+5.3%), musical instruments (+5.1%) and dairy products, eggs, edible oils and fats (+5.0%). Conversely, price declines were seen from plastics and rubber in primary forms (-9.7%), waste and scrap (-9.5%), other liquid and gaseous fuels and related products (-8.7%), solid fuels (-8.6%), and motor spirit (-5.4%). On a monthly basis, wholesale prices fell by 0.6% in August, reversing a 0.2% increase in the preceding period.

2025年第二季度，奥地利经济环比增长0.3%，超过了最初估计的0.1%，高于上一季度向上修正的0.2%。这标志着在经历了两年多的停滞或收缩后，连续第二个季度出现扩张，主要是由固定投资推动的（第一季度为0.7%，第二季度为-0.3%），其中机械和运输设备大幅增长。净贸易也对GDP做出了积极贡献，出口增长1%（对0.1%），进口下降0.6%（对0.2%）。另一方面，家庭消费下降（-0.2%对0%），而政府支出增长大幅放缓（0.1%对2.3%）。在生产方面，工业（包括采矿、能源和供水在内的制造业）、商业相关服务和公共部门的增长推动了增长。按年度计算，国内生产总值下降了0.1%，是九个下降期中最疲软的，比上一季度0.5%的收缩有所放缓。

The Austrian economy expanded by 0.3% quarter-on-quarter in Q2 2025, beating initial estimates of 0.1% and up from an upwardly revised 0.2% in the previous quarter. This marked the second consecutive quarterly expansion after more than two years of stagnation or contraction, primarily driven by fixed investments (0.7% vs -0.3% in Q1), led by significant growth in machinery and transport equipment. Net trade also contributed positively to the GDP, with exports rising 1% (vs 0.1%) and imports dropping 0.6% (vs 0.2%). On the other hand, household consumption fell (-0.2% vs 0%), while government spending growth slowed sharply (0.1% vs 2.3%). On the production side, growth was driven by gains in industry (manufacturing, including mining, energy and water supply), business-related services, and the public sector. On a yearly basis, GDP fell by 0.1%, the softest in nine periods of decline, slowing from a 0.5% contraction in the preceding quarter.