智利股票指数 (IGPA) 加自选

智利的年通货膨胀率从5月份的4.4%降至2025年6月的4.1%，但仍高于央行2-4%的目标范围。经济放缓的主要原因是食品和非酒精饮料（2.3%对4.6%）、住房和公用事业（10.5%对10.9%）以及服装和鞋类（0.9%对1.2%）的价格增长疲软。相比之下，金融服务业的通胀加速（4.1%对3.6%），餐饮和住宿业的通胀仍然居高不下（6.1%对6.4%）。按月计算，消费者价格指数下跌0.4%，扭转了5月份0.2%的涨幅，超过了市场预期的0.14%的跌幅。

Chile’s annual inflation rate eased to 4.1% in June 2025 from 4.4% in May, though it remained above the Central Bank’s 2–4% target range. The slowdown was mainly driven by weaker price growth in food and non-alcoholic beverages (2.3% vs 4.6%), housing and utilities (10.5% vs 10.9%) and clothing and footwear (0.9% vs 1.2%). In contrast, inflation accelerated for financial services (4.1% vs 3.6%), and remained elevated for restaurants and lodging (6.1% vs 6.4%). On a monthly basis, consumer prices fell by 0.4%, reversing a 0.2% increase in May and exceeding market expectations of a 0.14% decline.

2025年6月，智利的贸易顺差从2024年同月的18.02亿美元收窄至13.31亿美元。受各行业强劲表现的支撑，出口同比增长10.6%，达到82.90亿美元。金属制品、机械设备出口增长19.7%，其中金属制品增长52.5%，运输设备增长32.0%。林业和木制家具出口增长17.6%，其中木屑增长81.7%，胶合板增长20.4%。农业部门增长17.4%，水果出口增长23.2%。矿业销售额增长15.0%，其中钼精矿（142.6%）、海盐和食盐（59.1%）以及铜（17.6%）的销售额大幅增长。工业出口增长1.8%，其中饮料和烟草制品增长7.4%。在进口方面，由于资本货物增长24.4%、中间产品增长21.7%和消费品增长19.6%，总采购额增长22.1%，达到69.6亿美元。

Chile's trade surplus narrowed to $1.331 billion in June 2025, down from $1.802 billion in the same month of 2024. Exports rose 10.6%, compared to the previous year, to $8.290 billion, supported by strong performances in various sectors. Exports of metal products, machinery and equipment grew by 19.7%, driven by a 52.5% rise in metal manufactures and a 32.0% rise in transport equipment. Exports of forestry and wood furniture rose 17.6%, with an 81.7% jump in wood chips and a 20.4% increase in plywood. The agricultural sector expanded by 17.4%, with fruit exports rising by 23.2%. Mining sales rose by 15.0%, with significant advances in molybdenum concentrate (142.6%), sea and table salt (59.1%) and copper (17.6%). Industrial exports grew by 1.8%, led by a 7.4% increase in beverage and tobacco products. On the import side, total purchases climbed 22.1% to $6.96 billion, fueled by a 24.4% rise in capital goods, a 21.7% increase in intermediate goods, and a 19.6% uptick in consumer goods.

2025年5月，智利IMACEC经济活动指数同比增长3.2%，高于4月的2.5%，但低于市场预期的3.7%的增长。增长基础广泛，采矿业在铜产量增加的推动下飙升10.3%，服务业在医疗保健、交通、餐饮和酒店业的增长支撑下上涨2.4%。制造业增长1.5%，贸易活动增长4.5%。然而，经季节性调整的月度数据显示，IMACEC小幅下跌0.2%，尽管在过去12个月内仍上涨4.1%。

Chile’s IMACEC economic activity index grew by 3.2% year-on-year in May 2025, up from 2.5% in April but falling short of market expectations for a 3.7% increase. Growth was broad-based, with the mining sector surging 10.3% on the back of higher copper output, and services rising 2.4%, supported by gains in healthcare, transportation, restaurants, and hotels. The manufacturing sector expanded by 1.5%, while trade activity increased by 4.5%. However, on a seasonally adjusted monthly basis, the IMACEC edged down 0.2%, though it remains up 4.1% over the past twelve months.

2025年5月，智利工业生产年增长率为4.6%，高于上个月的3.8%，为2024年12月以来的最大增长。在金属矿物开采的推动下，采矿业的产出大幅增长（4月份为9.8%对10.1%），金属矿物开采增长了10.1%。在纸张和相关产品制造业激增16.4%的情况下，制造业也做出了积极贡献（2.9%对0.0%）。相反，公共服务产出进一步萎缩（-3.9%对-1.0%），反映出构成公共服务产出的三项活动中有两项下降，尤其是发电，下降了3.5%。经季节性调整的月度数据显示，5月份工业生产增长0.7%，高于4月份的0.5%。

Industrial production in Chile rose 4.6% annually in May of 2025, accelerating from the 3.8% increase in the previous month for the sharpest growth since December 2024. Output rose sharply in the mining sector (9.8% vs 10.1% in April), driven by the extraction of metallic minerals, which grew by 10.1%. The manufacturing industry also made a positive contribution (2.9% vs 0.0%) amid the 16.4% surge in the manufacture of paper and related products. In the opposite direction, public services output shrank further (-3.9% vs -1.0%), reflecting falls in two of the three activities that make it up, especially electricity generation, which fell by 3.5%. On a seasonally adjusted monthly basis, industrial production rose 0.7% in May, accelerating from 0.5% in April.