马其顿蓝筹股指数 (MBI10) 加自选

北马其顿的年通货膨胀率从上个月的2.6%上升到2025年5月的3.3%，是三个月来最快的。这一加速主要是由于食品和非酒精饮料（4月份为4.9%对1.5%）以及杂项商品和服务（3.9%对2.7%）的价格上涨加快。然而，这些影响被运输价格的大幅下跌（-7.0%对-1.7%）和服装和鞋类（2.9%对4.0%）、餐馆和酒店（7.8%对11.4%）、娱乐和文化（5.0%对6.8%）以及住房和公用事业（2.2%对2.3%）的价格上涨放缓部分抵消。CPI环比上涨1.5%，增速高于4月份的0.6%。

North Macedonia’s annual inflation rate rose to 3.3% in May 2025 from 2.6% in the previous month, marking the fastest pace in three months. The acceleration was mainly driven by faster price increases for food and non-alcoholic beverages (4.9% vs 1.5% in April) and miscellaneous goods and services (3.9% vs 2.7%). However, these effects were partially offset by a steeper price decline in transport (-7.0% vs -1.7%) and slower price increases in clothing and footwear (2.9% vs 4.0%), restaurants and hotels (7.8% vs 11.4%), recreation and culture (5.0% vs 6.8%), and housing and utilities (2.2% vs 2.3%). On a monthly basis, the CPI rose 1.5%, accelerating from a 0.6% increase in April.

北马其顿的失业率从去年同期的12.9%降至2025年第一季度的11.7%。这是有史以来最低的失业率，失业人数下降了9000人，降至92600人。与此同时，就业率从45.4%上升到46.3%，就业人数增加15.1万人，达到70.24万人。劳动力参与率从一年前的52.1%上升到52.4%。

The unemployment rate in North Macedonia declined to 11.7% in the first quarter of 2025 from 12.9% in the same period last year. This marked the lowest jobless rate on record, as the number of unemployed persons dropped by 9.0 thousand to 92.6 thousand. Meanwhile, the employment rate increased to 46.3% from 45.4%, with the number of employed individuals rising by 15.1 thousand to 702.4 thousand. The labor force participation rate ticked up to 52.4% from 52.1% a year ago.

2025年4月，北马其顿的贸易逆差从去年同期的3.31亿美元缩小到3.11亿美元。出口同比下降1.2%，至7.54亿美元，而进口下降速度更快，为2.5%，至10.66亿美元。在1月至4月期间，该国的贸易逆差总额为11.98亿美元。出口额为27.86亿美元，同比下降2.5%。这一下降是由于化学及相关产品（-17.9%）、杂项成品（-7.8%）和按材料分类的产品（-1.9%）的销售额下降。与此同时，进口下降1.99%，至39.84亿美元，主要原因是原材料（不包括燃料）（-7.5%）、机械设备（-5.8%）和按材料分类的产品（-3.5%）的采购减少。

North Macedonia's trade deficit narrowed to $311 million in April 2025, from $331 million in the same month of the previous year. Exports declined by 1.2% year-on-year to $754 million, while imports fell at a faster rate of 2.5% to $1,066 million. For the January to April period, the country’s trade deficit totaled $1,198 million. Exports decreased by 2.5% compared to the same period a year earlier, amounting to $2,786 million. This decline was driven by lower sales of chemical and related products (-17.9%), miscellaneous finished goods (-7.8%), and products classified by material (-1.9%). Meanwhile, imports dropped by 1.99% to $3,984 million, mainly due to reduced purchases of raw materials (excluding fuel) (-7.5%), machinery and equipment (-5.8%), and products classified by material (-3.5%).

2025年第一季度，北马其顿经济同比增长3.0%，较上一季度3.2%的增长略有放缓。GDP增长放缓主要是由于政府支出（1.1%对2024年第四季度的6.8%）和资本形成总额（18.0%对21.5%）的增长放缓。相比之下，家庭消费的强劲增长（2.1%对0.2%）部分抵消了经济放缓，家庭消费占国内生产总值的69.0%。在外部方面，出口反弹（1.2%对-6.0%），而进口增长速度更快（5.8%对1.5%）。经季节性调整的季度数据显示，第一季度国内生产总值增长0.6%，较上一季度的0.8%有所放缓。

North Macedonia’s economy grew by 3.0% year-on-year in the first quarter of 2025, easing slightly from a 3.2% expansion in the previous quarter. The moderation in GDP growth was mainly due to weaker increases in government spending (1.1% vs 6.8% in Q4 2024) and gross capital formation (18.0% vs 21.5%). In contrast, the slowdown was partially offset by stronger growth in household consumption (2.1% vs 0.2%), which accounts for 69.0% of GDP. On the external side, exports rebounded (1.2% vs -6.0%), while imports grew at a faster pace (5.8% vs 1.5%). On a seasonally adjusted quarterly basis, GDP grew by 0.6% in Q1, easing from a 0.8% expansion in the previous quarter.