哥伦比亚股票指数 (COLCAP) 加自选

哥伦比亚的年通货膨胀率从5月份的5.05%降至2025年6月的4.82%，低于市场预期的4.9%，为2021年10月以来的最低水平。减速反映了控制价格压力的持续进展，食品（+4.31%对+4.71%）、健康（+5.20%对+5.34%）和住房（+5.23%对+5.82%）等关键类别的价格明显放缓。然而，交通（+5.27%对+5.26%）、餐馆和酒店（+7.44%对+7.41%）以及教育（+7.56%对+7.35%）的增幅不大。数据显示，尽管通货膨胀正在缓解，但服务相关行业的压力仍然很大。按月计算，6月份消费者价格指数仅上涨0.1%，低于0.19%的预测，比5月份0.32%的涨幅有所放缓。最新数据支持了哥伦比亚央行在通缩趋势持续的情况下继续放松货币政策的预期。

Colombia’s annual inflation rate eased to 4.82% in June 2025, down from 5.05% in May and below market expectations of 4.9%, marking the lowest level since October 2021. The deceleration reflects continued progress in controlling price pressures, with notable slowdowns in key categories such as food (+4.31% vs. +4.71%), health (+5.20% vs. +5.34%), and housing (+5.23% vs. +5.82%). However, modest increases were seen in transportation (+5.27% vs. +5.26%), restaurants and hotels (+7.44% vs. +7.41%), and education (+7.56% vs. +7.35%). The data suggest that while inflation is easing, pressures remain elevated in service-related sectors. On a monthly basis, consumer prices rose just 0.1% in June, below the 0.19% forecast and slowing from May’s 0.32% increase. The latest figures support expectations for continued monetary policy easing by Colombia’s central bank if the disinflation trend persists.

哥伦比亚的生产者价格通胀率从上个月的3.67%降至2025年6月的2.09%，创下自去年10月以来的最低通胀率。采矿和采石业的通货紧缩有所放缓（5月份为-9.44%对-9.93%），农业、畜牧业、林业、狩猎和渔业的通货膨胀有所缓解（3.73%对7.97%），工业部门价格也有所缓解（4.35%对5.48%）。按月计算，生产者价格指数下跌0.28%，减缓了5月份1.15%的跌幅。

Producer price inflation in Colombia eased to 2.09% in June 2025, from 3.67% in the previous month, recording the softest pace of inflation since October last year. Deflation slowed in the mining and quarrying sector (-9.44% vs. -9.93% in May), and inflation eased in agriculture, livestock, forestry, hunting and fishing (3.73% vs. 7.97%), as well as in industrial sector prices (4.35% vs. 5.48%). On a monthly basis, producer prices fell by 0.28%, slowing the 1.15% drop in May.

继上个月下降6.5%之后，哥伦比亚的出口在2025年5月同比下降2.1%，至43.59亿美元。这一下降主要是由于燃料和采掘业的出货量暴跌18.7%，而制成品则小幅下跌0.1。相反，农业出口激增26.2%。美国仍然是最大的出口目的地，占总出货量的27.2%，其次是巴拿马（7.0%）、印度（4.8%）和荷兰（4.7%）。

Colombia's exports fell by 2.1% year-on-year to USD 4.359 billion in May 2025, following a 6.5% decline in the prior month. This decrease was primarily led by a 18.7% plunge in shipments from fuels and extractive industries, while manufactured goods edged 0.1 lower. Conversely, exports from the agricultural industry surged 26.2%. The United States remained the top export destination, accounting for 27.2% of total shipments, followed by Panama (7.0%), India (4.8%) and Netherlands (4.7%).

Davivienda哥伦比亚制造业采购经理人指数从5月份的52.6降至2025年6月的51，标志着当前三个月增长以来最慢的扩张。虽然持续的需求支持了产出和新订单的增长，但两者的增长速度都较慢。企业持乐观态度，上调了明年的产出预测，但创造就业机会停滞不前，采购活动下降。随着临时合同到期，一些职位空缺，就业人数下降。投入品库存基本保持不变，反映了之前的库存积累。由于食品、金属、塑料和橡胶价格上涨，投入成本通胀加速至三个月高点，促使企业以2023年3月以来的最快速度提高产出费用。由于新订单和客户付款延迟，积压订单连续第二个月增加。受员工培训、技术投资和市场扩张预期的支撑，商业情绪达到五个月高点。

The Davivienda Colombia Manufacturing PMI fell to 51 in June 2025 from 52.6 in May, marking the slowest expansion in the current three-month growth streak. While sustained demand supported increases in output and new orders, both grew at slower rates. Firms held a positive outlook, upgrading output forecasts for the next year, but job creation stalled and purchasing activity declined. Employment fell as temporary contracts expired and some roles went unfilled. Stocks of inputs were largely unchanged, reflecting prior inventory accumulation. Input cost inflation accelerated to a three-month high amid rising prices for food, metals, plastics, and rubber, prompting firms to raise output charges at the fastest pace since March 2023. Backlogs rose for a second month due to new orders and delayed client payments. Business sentiment reached a five-month high, supported by expectations of staff training, tech investment, and market expansion.