匈牙利10年期国债 (Hungary10Y) 加自选

2025年7月，匈牙利的工资总额同比增长9%，达到693700福林，较上月9.7%的增长有所放缓。工资增长放缓的主要原因是私营部门（6月份为8.7%对9.7%）和非营利部门（9.1%对10.7%）的增长放缓。另一方面，公共部门的工资进一步上涨（10%对9.5%）。如果不考虑一次性付款和奖金的影响，7月份的工资比去年同期高出8.5%，达到656600福林。考虑到1月至7月期间，平均总工资上涨了9.1%。

Hungary’s gross wage rose by 9% year-on-year to HUF 693,700 in July 2025, slowing from a 9.7% increase in the previous month. The moderation in wage growth was primarily driven by softer rises in both the private (8.7% vs 9.7% in June) and non-profit sectors (9.1% vs 10.7%). On the other hand, wages increased further for the public sector (10% vs 9.5%). Without the impact of one-off payments and bonuses, July’s wages were 8.5% higher than in the same period a year ago at HUF 656,600. Considering the January to July period, average gross wages went up by 9.1%.

2025年7月，匈牙利的工业生产同比下降至1%，与初步估计相符，较上月4.9%的下降有所缓解。制造业的产量下降速度较慢（6月份为-0.5%，而6月份为-5.3%），主要是计算机、电子和光学产品的制造业。另一方面，采矿和采石业的产量下降（-8.5%对5.2%），而电力、天然气、蒸汽和空调供应的产量进一步下降（-7.2%对-0.1%）。经季节性调整后，7月份工业活动增长了2%，从前一时期1.2%的下降中恢复过来。考虑到今年前七个月，工业产出比去年同期下降了3.5%。

Industrial production in Hungary dropped to 1% year-on-year in July 2025, matching preliminary estimates and easing from a 4.9% drop in the previous month. Production volume decreased at a softer pace for manufacturing (-0.5% vs -5.3% in June), led by the manufacture of computer, electronic, and optical products. On the other hand, production declined for mining and quarrying (-8.5% vs 5.2%), while it declined further for electricity, gas, steam, and air-conditioning supply (-7.2% vs -0.1%). On a seasonally adjusted basis, industrial activity grew by 2% in July, recovering from a 1.2% decrease in the preceding period. Considering the first seven months of the year, industrial output was 3.5% lower compared to the same period a year earlier.

2025年7月，匈牙利的建筑产量同比增长4.9%，标志着连续第四个月增长，而前一个月为2.6%。建筑施工产量从6月份的0.4%增长了5.7%。与此同时，土木工程的产出从6.5%降至4.7%。经季节性调整的月度数据显示，7月份建筑业产出增长0.8%，较前一时期5.3%的下降有所回升。

Hungary’s construction output rose by 4.9% year-on-year in July 2025, marking the fourth consecutive month of growth, from 2.6% in the previous month. Production advanced in building construction by 5.7% from 0.4% in June. Meanwhile, output in civil engineering works eased to 4.7% from 6.5%. On a seasonally adjusted monthly basis, construction output increased by 0.8% in July, rebounding from a 5.3% drop in the preceding period.

初步估计显示，匈牙利工业生产在2025年7月同比下降1%，低于上个月的4.9%。这标志着工业活动连续第四个月收缩，但步伐最为缓慢，主要是由于汽车、食品、饮料和烟草制品以及计算机、电子和光学产品的产量增加。另一方面，电气设备的产量下降。经季节性调整的月度数据显示，7月份工业活动增长2%，为2024年10月以来的最高水平，并从前一时期1.2%的下降中恢复过来。考虑到今年前七个月，工业产出比去年同期下降了3.5%。

Industrial production in Hungary fell by 1% year-on-year in July 2025, slowing from a 4.9% drop in the previous month, preliminary estimates showed. This marked the fourth month of contraction in industrial activity but the softest pace in the sequence, mainly driven by increased production of vehicles, food, beverages and tobacco products, and computer, electronic and optical products. On the other hand, output declined for electrical equipment. On a seasonally adjusted monthly basis, industrial activity advanced by 2% in July, the highest since October 2024 and recovering from a 1.2% decrease in the preceding period. Considering the first seven months of the year, industrial output was 3.5% lower compared to the same period a year earlier.