马其顿蓝筹股指数 (MBI10) 加自选

北马其顿的年度生产者通胀率在2025年7月降至4.9%，标志着连续第五个月下降，并从6月的5.3%放缓。这是自2024年9月以来生产者价格最疲软的增长，主要原因是能源成本（7.5%对6月的8.0%）、不包括能源的中间产品（0.9%对1.3%）、资本货物（12.7%对12.9%）和消费品（3.7%对4.1%）的增长放缓。在消费品中，非耐用品的增长速度较慢（3.9%对4.4%），而耐用品的增速加快（1.1%对0.5%）。按月计算，7月份生产者价格指数下跌0.4%，扭转了6月份0.4%的涨幅。

The annual producer inflation rate in North Macedonia eased to 4.9% in July 2025, marking the fifth consecutive monthly decline and slowing from 5.3% in June. This was the softest growth in producer prices since September 2024, driven by slower increases in energy costs (7.5% vs 8.0% in June), intermediate goods excluding energy (0.9% vs 1.3%), capital goods (12.7% vs 12.9%) and consumer goods (3.7% vs 4.1%). Within consumer goods, non-durables rose at a slower pace (3.9% vs 4.4%), while durables accelerated (1.1% vs 0.5%). On a monthly basis, producer prices fell 0.4% in July, reversing the 0.4% gain in June.

北马其顿的年通货膨胀率从7月份的4.8%降至2025年8月的4.4%，为三个月来的最低水平。经济放缓的主要原因是食品和非酒精饮料（7月份为6.2%对6.8%）以及住房和公用事业（1.2%对1.8%）的价格放缓。运输（3.6%对4.6%）、鞋类（3.3%对3.6%）、娱乐和文化（5.8%对6.6%）、医疗保健（2%对3%）和通信（0.6%对1.1%）的通货膨胀也有所缓解。相比之下，家具、家居用品和常规家庭维护（5.3%对5.1%）、餐馆和酒店（4.4%对2.9%）以及杂项商品和服务（4.1%对3.1%）的价格增长加快。按月计算，消费者价格指数上涨0.2%，较7月份的1.1%大幅回落。

North Macedonia’s annual inflation rate eased to 4.4% in August 2025 from 4.8% in July, marking the lowest reading in three months. The slowdown was mainly driven by moderating prices for food and non-alcoholic beverages (6.2% vs 6.8% in July) and housing and utilities (1.2% vs 1.8%). Inflation also eased in transport (3.6% vs 4.6%), footwear (3.3% vs 3.6%), recreation and culture (5.8% vs 6.6%), healthcare (2% vs 3%), and communications (0.6% vs 1.1%). In contrast, price growth accelerated for furniture, household goods, and regular household maintenance (5.3% vs 5.1%), restaurants and hotels (4.4% vs 2.9%), and miscellaneous goods and services (4.1% vs 3.1%). On a monthly basis, consumer prices rose by 0.2%, moderating sharply from a 1.1% jump in July.

2025年7月，北马其顿的贸易逆差从去年同期的3.328亿美元显著扩大到3.73亿美元。这标志着自2024年12月以来最大的贸易逆差，出口同比增长12.6%，达到7.794亿美元，而进口增长速度略慢，为12.3%，达到11.523亿美元。在1月至7月期间，该国的贸易逆差达到21.524亿美元。与去年同期相比，出口增长了5.4%，总额为52.068亿美元，主要原因是饮料和烟草（34.4%）、动植物油、脂肪和蜡（32.4%）以及不包括燃料的原材料（10.2%）的销售额增加。与此同时，进口额增长4.8%，达到73.593亿美元，主要原因是动植物油、脂肪和蜡（24.3%）、饮料和烟草（13.9%）以及食品和活体动物（8.3%）的购买量增加。

North Macedonia's trade deficit widened notably to $373 million in July 2025, from $332.8 million in the same month of the previous year. This marked the largest trade gap since December 2024, as exports grew by 12.6% year-on-year to $779.4 million, while imports rose at a slightly slower pace of 12.3% to $1,152.3 million. For the January–July period, the country's trade deficit reached $2,152.4 million. Exports increased by 5.4% compared to the same period a year earlier, totaling $5,206.8 million, primarily driven by higher sales of beverages and tobacco (34.4%), animal and vegetable oils, fats and waxes (32.4%), and raw materials excluding fuel (10.2%). Meanwhile, imports rose by 4.8% to $7,359.3 million, mainly due to increased purchases of animal and vegetable oils, fats and waxes (24.3%), beverages and tobacco (13.9%), and food and live animals (8.3%).

北马其顿的失业率从去年同期的12.5%降至2025年第二季度的11.5%。这是有史以来最低的失业率，失业人数减少了7000人，降至9.14万人。与此同时，就业率从52.1%微升至52.2%，就业人数增加9.6万人，达到70.14万人。劳动力参与率从上年的45.6%上升到46.2%。

The unemployment rate in North Macedonia fell to 11.5% in the second quarter of 2025 from 12.5% in the same period a year ago. This was the lowest jobless rate on record, as the number of unemployed persons declined by 7 thousand to 91.4 thousand. Meanwhile, employment edged up to 52.2% from 52.1%, with the number of employed individuals rising by 9.6 thousand to 701.4 thousand. The labor force participation rate increased to 46.2% from 45.6% in the previous year.