挪威OBX全股指数 (OsloBorsAllShare) 加自选

由于出口下降幅度小于进口，挪威的贸易顺差从去年同期的592亿挪威克朗略微扩大到2025年8月的601亿挪威克朗。出口同比下降5.2%，至1434亿挪威克朗，受矿物燃料、润滑油和相关材料（-16.6%）以及食品和活体动物（-2.4%）销售下降的拖累。机械和运输设备出口大幅增长（+89.6%）部分抵消了经济衰退。与此同时，进口下降了9.4%，至833亿挪威克朗，大多数产品类别的进口都有所下降，其中矿物燃料、润滑油和相关材料下降了48.3%，主要按材料分类的制成品下降了11.3%，机械和运输设备下降了3.6%。今年前八个月，该国的贸易顺差总额为4906亿挪威克朗，比去年同期增长2.6%。

Norway's trade surplus widened slightly to NOK 60.1 billion in August 2025 from NOK 59.2 billion in the corresponding month in the previous year, as exports fell less sharply than imports. Exports dropped by 5.2% year-on-year to NOK 143.4 billion, weighed down by lower sales of mineral fuels, lubricants and related materials (-16.6%) and food and live animals (-2.4%). The downturn was partly offset by a significant rise in machinery and transport equipment exports (+89.6%). Meanwhile, imports declined by 9.4% to NOK 83.3 billion, with decreases across most product categories, led by mineral fuels, lubricants and related materials (-48.3%), manufactured goods classified chiefly by material (-11.3%), and machinery and transport equipment (-3.6%). For the first eight months of the year, the country’s trade surplus totaled NOK 490.6 billion, up 2.6% from the same period a year ago.

挪威克朗兑美元汇率触及9.85，为2023年1月以来的最高点。在过去的4周里，美元挪威克朗下跌了3.46%，在过去的12个月里，它下跌了7.95%。

The Norwegian Krone touched 9.85 against the USD, the highest since January 2023. Over the past 4 weeks, US Dollar Norwegian Krone lost 3.46%, and in the last 12 months, it decreased 7.95%.

挪威的潜在通胀使人们对降息产生怀疑。周三公布的官方数据显示，挪威8月份的年度核心通胀率稳定在3.1%，与7月份持平，但基础数据表明价格加速上涨，令人对降息的前景产生怀疑。

Norway's underlying inflation casts doubt on rate cut.Norway's annual core inflation rate held steady at 3.1% in August, in line with July, official data showed on Wednesday, but underlying data pointed to an acceleration of prices, casting doubt on the prospect of interest rate cuts.

挪威的年通货膨胀率在2025年8月升至3.5%，为2月以来的最高水平，高于7月的3.3%，符合预期。主要的上行压力来自住房和公用事业（6.3%对7月份的4.4%），以及酒精饮料和烟草（4.1%对3.9%）和交通（2.7%对2.4%）的通胀率上升。相比之下，食品和非酒精饮料（5.4%对5.9%）、健康（3.4%对4.1%）、通信（4.1%对5.0%）以及娱乐和文化（2.9%对3.1%）的价格增长有所放缓。服装和鞋类的跌幅较小（-2.5%对-3.1%），而家具和家用设备则陷入通货紧缩（-0.9%对1.0%）。按月计算，CPI下降了0.6%，这是自3月以来的首次下降，扭转了7月份0.8%的涨幅，也符合预测。CPI-ATE（根据税收变化调整，不包括能源产品）同比上涨3.1%，与7月持平，保持在3月以来的最高水平。

Norway’s annual inflation rate rose to 3.5% in August 2025, the highest since February, up from 3.3% in July and in line with expectations. The main upward pressure came from housing and utilities (6.3% vs. 4.4% in July), alongside higher inflation for alcoholic beverages and tobacco (4.1% vs. 3.9%) and transport (2.7% vs. 2.4%). In contrast, price growth eased for food and non-alcoholic beverages (5.4% vs. 5.9%), health (3.4% vs. 4.1%), communications (4.1% vs. 5.0%), and recreation and culture (2.9% vs. 3.1%). Clothing and footwear posted a smaller decline (-2.5% vs. -3.1%), while furnishings and household equipment swung into deflation (-0.9% vs. 1.0%). On a monthly basis, the CPI fell 0.6%, the first decline since March, reversing a 0.8% gain in July, also in line with forecasts. The CPI-ATE (adjusted for tax changes and excluding energy products) rose 3.1% year-on-year, matching July’s pace and holding at its highest level since March.