匈牙利股票指数 (BUX) 加自选

初步估计，继前三个月增长停滞之后，匈牙利2025年第二季度国内生产总值同比增长0.1%。温和的改善主要是由于服务业，特别是信息和通信业的综合表现。然而，农业和工业增加值的放缓部分抵消了这一回升。经季节性调整的季度数据显示，2025年第二季度经济增长0.4%，从前一时期向下修正的0.1%收缩中恢复过来。

Hungary’s gross domestic product expanded by 0.1% year-on-year in the second quarter of 2025, following stagnant growth in the previous three-month period, according to preliminary estimates. The modest improvement was mainly driven by the combined performances in the services sector, particularly information and communication. However, the upturn was partially offset by the slowdown in the added value of agriculture and industry. On a seasonally adjusted quarterly basis, the economy grew by 0.4% in the second quarter of 2025, recovering from a downwardly revised 0.1% contraction in the preceding period.

2025年6月，匈牙利的贸易顺差从去年同期的11.24亿欧元收窄至9.78亿欧元，原因是出口增长低于进口。出口同比增长0.1%，达到122.73亿欧元，进口同比增长1.4%，达到112.95亿欧元。出口增长放缓之际，全球贸易面临更广泛的逆风，需求模式也在发生变化。美国是匈牙利重要的非欧洲贸易伙伴，在匈牙利的贸易中发挥着重要作用。然而，美国对匈牙利主要出口产品电子和机械的关税可能会对未来的贸易流量造成压力，特别是考虑到双边贸易对全球经济和监管变化的历史敏感性。考虑到今年上半年，该国的贸易顺差从去年同期的77.7亿欧元降至68.13亿欧元。

Hungary’s trade surplus narrowed to EUR 978 million in June 2025 from EUR 1,124 million in the corresponding month a year ago, as exports rose less than imports. Year-on-year, exports grew by 0.1% to EUR 12,273 million, while imports increased by 1.4% to EUR 11,295 million. The moderation in export growth comes amid broader global trade headwinds and shifting demand patterns. The US, a key non-European trading partner, plays a significant role in Hungary’s trade. However, US tariffs on electronics and machinery, which are major Hungarian exports, could weigh on future trade flows, especially given the historical sensitivity of bilateral trade to global economic and regulatory shifts. Considering the first six months of the year, the country’s trade surplus fell to EUR 6,813 million from EUR 7,770 million in the same period last year.

匈牙利的失业率在2025年4月至6月期间上升至4.5%，高于去年同期的4.3%。这标志着自9月至11月期间以来的最高失业率，失业人数比去年同期增加了2.1万人，达到21.18万人。其中男性11.46万人，女性9.72万人。男性失业率为4.6%，女性为4.3%。求职的平均持续时间为12.2个月。在失业者中，41.3%的人找工作不到3个月，31.8%的人失业至少一年。与此同时，就业人数减少了4.5万人，降至467.9万人。男性就业人数减少了2.6万人，降至247.9万人，而女性就业人数则减少了1.9万人，至220万人。

The unemployment rate in Hungary rose to 4.5% in the April–June 2025 period, up from 4.3% in the same period last year. This marked the highest jobless rate since the September–November period, as the number of unemployed individuals increased by 2.1 thousand from a year earlier to 211.8 thousand. Of this total, 114.6 thousand were men and 97.2 thousand were women. The unemployment rate was 4.6% for men and 4.3% for women. The average duration of the job search was 12.2 months. Among the unemployed, 41.3% had been seeking work for less than 3 months, while 31.8% had been unemployed for at least a year. Meanwhile, the number of employed persons declined by 45 thousand to 4.679 million. Employment among men declined by 26 thousand to 2.479 million, while employment among women decreased by 19 thousand to 2.200 million.

7月22日，匈牙利国家银行连续第十次会议将关键利率维持在6.50%不变，与市场预期相符。隔夜存款和抵押贷款利率也分别保持在5.5%和7.5%。6月份，整体通胀率微升至4.6%，远高于央行3.0%的目标。

The National Bank of Hungary held its key interest rate unchanged at 6.50% for the tenth consecutive meeting on July 22, matching market expectations. The overnight deposit and collateralized loan rates also stayed at 5.5% and 7.5%, respectively. Headline inflation inched up to 4.6% in June, staying well above the central bank’s 3.0% target.