塞尔维亚BELEX15指数 (BELEX15) 加自选

美元相对标准差降至102.01的3年半低点。在过去的4周里，美元塞尔维亚第纳尔下跌了1%，在过去的12个月里，它下跌了5.04%。

USDRSD decreased to a 3-1/2-year low of 102.01. Over the past 4 weeks, US Dollar Serbian Dinar lost 1%, and in the last 12 months, it decreased 5.04%.

2025年5月，塞尔维亚的生产者价格指数同比下降0.2%，标志着继4月份下降0.4%之后，连续第三个月出现通货紧缩。通货紧缩的缓解主要是由于采矿和采石业（-7.2%对4月份的-7.6%）和制造业（-0.8%对-1.1%）的价格跌幅较小。此外，电力、天然气、蒸汽和空调供应行业的通货膨胀率保持稳定（1.1%），供水、污水处理、废物管理和修复活动的通货膨胀率也保持稳定（20.9%）。在4月份下降0.1%之后，5月份生产者价格指数环比下降0.4%。

Serbia's producer prices fell 0.2% year-on-year in May 2025, marking the third consecutive month of deflation, following a 0.4% drop in April. The easing of deflation was mainly driven by smaller price declines in mining and quarrying (-7.2% vs -7.6% in April) and manufacturing (-0.8% vs -1.1%). Additionally, inflation remained steady in the electricity, gas, steam, and air conditioning supply sector (1.1%), as well as in water supply, sewerage, waste management, and remediation activities (20.9%). On a monthly basis, producer prices fell 0.4% in May, after a 0.1% decline in April.

2025年第一季度，塞尔维亚经济同比增长2%，与初步估计相符，但与2024年第四季度3.3%的增长相比有所放缓。GDP增长放缓的主要原因是固定资本形成总额下降（-1%对1.1%），家庭消费增长放缓（1.7%对3.8%）。然而，政府支出的反弹（0.5%对-0.3%）部分抵消了这一影响。对外方面，出口增速放缓（7.5%对8.1%），进口增速加快（11.5%对7.1%）。经季节性调整后，塞尔维亚经济在2024年第四季度增长1.1%后，收缩了0.6%。

Serbia’s economy grew by 2% year-on-year in the first quarter of 2025, in line with preliminary estimates but slowing from a 3.3% increase in Q4 2024. The GDP growth deceleration was mainly driven by a decline in gross fixed capital formation (-1% vs. 1.1%), and a slower rise in household consumption (1.7% vs. 3.8%). However, this was partially offset by a rebound in government expenditure (0.5% vs. -0.3%). On the external front, exports expanded at a slower pace (7.5% vs. 8.1%), while imports accelerated (11.5% vs. 7.1%). On a seasonally adjusted quarterly basis, the Serbian economy contracted by 0.6%, following a 1.1% growth in Q4 2024.

塞尔维亚的贸易逆差从去年同期的7.664亿美元扩大到2025年4月的11.422亿美元，因为进口增长超过了出口增长。进口额同比增长16.7%，达到41.84亿美元，主要得益于能源（21.8%）、资本货物（12.8%）和MIG目的地未分类（72.5%）的购买量增加。与此同时，由于能源（41.7%）、资本货物（11.5%）和耐用消费品（7.3%）的销售额增加，出口额同比增长4.5%，达到30.416亿美元。

Serbia’s trade deficit widened to USD 1,142.2 million in April 2025 from USD 766.4 million in the corresponding month of the previous year, as import growth outpaced the rise in exports. Imports rose by 16.7% from a year earlier to USD 4,184 million, primarily boosted by higher purchases of energy (21.8%), capital goods (12.8%), and unclassified by MIG destination (72.5%). Meanwhile, exports increased by 4.5% year-on-year to USD 3,041.6 million, attributed to higher sales in energy (41.7%), capital goods (11.5%), and durable consumer goods (7.3%).