爱沙尼亚塔林OMX指数 (OMXTallinn) 加自选

爱沙尼亚的年通货膨胀率从上个月的5.4%上升到2025年8月的6.1%，达到2023年7月以来的最高水平。这一增长主要是由于食品和非酒精饮料价格大幅上涨，上涨9.2%，为2023年9月以来的最高水平，而7月份为9.1%。其他几个类别的价格也有所上涨：烟酒（6.2%对4.9%）、交通（9.7%对8.9%）、通信（3.1%对1.9%）、教育（2.7%对2.5%）、健康（11.0%对10.5%）、家居用品（2.9%对2.8%）以及酒店、咖啡馆和餐馆（5.5%对5.4%）。房价也出现反弹，在7月份下跌1.8%后上涨1.5%。相比之下，娱乐和文化（8.2%对9.0%）以及杂项商品和服务（4.2%对4.7%）的通货膨胀有所缓和。按月计算，8月份消费者价格指数上涨1.0%，高于7月份0.6%的涨幅，这是四个月来最快的月度涨幅。

The annual inflation rate in Estonia rose to 6.1% in August 2025, up from 5.4% in the previous month, marking the highest level since July 2023. The increase was primarily driven by a sharp rise in food and non-alcoholic beverage prices, which climbed 9.2%, the highest since September 2023, compared to 9.1% in July. Prices also accelerated in several other categories: alcohol and tobacco (6.2% vs 4.9%), transport (9.7% vs 8.9%), communications (3.1% vs 1.9%), education (2.7% vs 2.5%), health (11.0% vs 10.5%), household goods (2.9% vs 2.8%), and hotels, cafes and restaurants (5.5% vs 5.4%). Housing prices also rebounded, rising 1.5% after a 1.8% decline in July. By contrast, inflation moderated in recreation and culture (8.2% vs 9.0%) and miscellaneous goods and services (4.2% vs 4.7%). On a monthly basis, consumer prices increased by 1.0% in August, accelerating from a 0.6% rise in July—the fastest monthly increase in four months.

2025年7月，爱沙尼亚的工业生产同比增长0.7%，低于上个月向上修正的4.1%的增长。经济放缓主要是由于制造业产出增长放缓（6月份为3.5%对7.2%），特别是金属制品，但机械设备（1.9%对10.2%）和计算机、电子和光学产品（7.6%对8%）除外。与此同时，电力、天然气、蒸汽和空调供应的产量继续萎缩（-29.1%对-8.9%）。与此同时，采矿和采石业的产量下降速度较慢（-8.7%对-33.5%）。按月计算，7月份工业生产下降了5.4%，而上一时期的下降幅度为1.4%。

Industrial production in Estonia rose by 0.7% year-on-year in July 2025, easing from an upwardly revised 4.1% increase in the previous month. The slowdown was mainly driven by moderated growth in manufacturing output (3.5% vs 7.2% in June), particularly in fabricated metal products, except machinery and equipment (1.9% vs 10.2%) and computer, electronic and optical products (7.6% vs 8%). At the same time, output for electricity, gas, steam, and air-conditioning supply continued to contract (-29.1% vs -8.9%). Meanwhile, output declined at a softer pace for mining and quarrying (-8.7% vs -33.5%). On a monthly basis, industrial production fell by 5.4% in July from an upwardly revised 1.4% drop in the prior period.

爱沙尼亚经济在2025年第一季度同比增长0.9%，从上一时期修正后的0.7%收缩中恢复过来。这也标志着自2024年第二季度以来的首次GDP增长，因为私人消费反弹（第一季度为0.9%对-0.8%）。与此同时，政府支出增加（2.4%对1.3%）。净外部需求也拖累了国内生产总值，因为出口（2.4%对5.7%）的增长低于进口（3.5%对0.5%）。然而，固定投资下降（-0.3%对4.3%）。在生产方面，以能源部门、房地产以及信息和通信部门为首的大多数部门对经济活动做出了积极贡献。经季节性调整的季度数据显示，第二季度国内生产总值增长了0.6%，而上一季度修正后增长了0.2%。

The economy of Estonia expanded 0.9% year-on-year in the first quarter pf 2025, recovering from a revised 0.7% contraction in the previous period. This also marked the first GDP growth since the second quarter of 2024, as private consumption rebounded (0.9% vs -0.8% in Q1). At the same time, government spending increased (2.4% vs 1.3%). Net external demand also weighed on GDP, as exports (2.4% vs 5.7%) rose less than imports (3.5% vs 0.5%). However, fixed investments dropped (-0.3% vs 4.3%). On the production side, most sectors contributed positively to economic activity, led by the energy sector, real estate, and information and communication. On a seasonally adjusted quarterly basis, GDP grew 0.6% in the second quarter, following a revised 0.2% rise in the preceding quarter.

2025年7月，爱沙尼亚的零售额同比微涨0.7%，较上月5%的涨幅有所回落。这标志着零售活动连续第八个月增长，尽管增长速度较慢，因为专业商店的汽车燃料（9.7%对6月份的12.2%）、商店的二手商品、售货亭和市场的零售额、非零售店、售货亭及市场的其他零售额（6.4%对13.2%）以及机动车的维护和修理（3.3%对9.7%）的销售额有所放缓。此外，非专业商店的其他零售额（-7.6%对-2.2%）和以食品、烟草或饮料为主的非专业商店（-4.6%对-3.6%）的贸易进一步下降。相反，计算机、外围设备、软件和电信设备的销售额增长更快（27.8%对21.8%）。按月计算，7月份零售活动下降了0.5%，而前一时期下降了0.1%。

Retail sales in Estonia edged up by 0.7% year-on-year in July 2025, easing from a 5% jump in the previous month. This marked the eighth consecutive month of growth in retail activity, albeit at a slower pace, as sales moderated for automotive fuel in specialised stores (9.7% vs 12.2% in June), second-hand goods in stores, retail sales in kiosks and markets, other retail sales not in stors, kiosks and markets (6.4% vs 13.2%), and maintenance and repair of motor vehicles (3.3% vs 9.7%). Additionally, trade declined further for other retail sale in non-specialised stores (-7.6% vs -2.2%) and non-specialised stores with food, tobacco, or beverages predominating (-4.6% vs -3.6%). Conversely, sales increased faster for computers, peripheral units, software, and telecommunications equipment (27.8% vs 21.8%). On a monthly basis, retail activity fell by 0.5% in July, following a 0.1% fall in the preceding period.