分析人士指出，美国政府最新关税政策冲击全球经济发展，也给欧元区发展带来不确定性。数据显示， 欧元区4月经济信心持续下滑，达到近期低点。 数据显示，经季节调整后，今年第一季度欧元区GDP同比增长1.2%，欧盟GDP同比增长1.4%。 【纠错】 【责任编辑:赵阳】 从国别看，欧盟第一大经济体德国第一季度GDP环比增长0.2%，法国、西班牙、意大利GDP分别环比 增长0.1%、0.6%和0.3%。爱尔兰GDP环比增长3.2%，匈牙利GDP环比萎缩0.2%。 新华社布鲁塞尔4月30日电（记者康逸 丁英华）欧盟统计局4月30日公布的初步数据显示，经季节调整 后，今年第一季度欧元区国内生产总值（GDP）环比增长0.4%，欧盟GDP环比增长0.3%。 ...

Group 1 - The Eurozone will release July services PMI and composite PMI final values, June PPI data, and June retail sales data this week [1] - The European Central Bank will also publish an economic bulletin [1] - Current economic and inflation conditions in the Eurozone are under scrutiny, especially in light of a new trade agreement between the US and EU imposing a 15% tariff on EU goods [1] Group 2 - The impact of the new tariffs on the Eurozone economy is a key concern, with expectations of further inflation slowdown and short-term economic downturn [1] - The effects of tariffs will extend beyond exports, affecting corporate profits and capital expenditures [1] - A profit shock is deemed inevitable, leading to short-term volatility in European stock markets [1]

欧洲央行管委Patsalides：欧元区经济表现出韧性。当前形势不确定主要因关税所致。 ...

PMI温和回暖但危机仍存 新华财经法兰克福7月25日电（记者马悦然）7月欧元区采购经理人指数（PMI）整体回升至11个月高 点，但地区和行业走势呈现分化。服务业保持扩张，而制造业虽有起色，仍处在收缩区间；法国私营部 门则继续萎缩。面对经济信号并不统一、美国关税谈判悬而未决等外部风险，欧洲央行24日维持三项关 键利率不变，强调"先看数据再行动"。 复苏基础仍弱利率决策因不确定性难以预料 市场研究发现，法国PMI的持续收缩展现出南北欧劳动力市场正在"对冲"的现象：南欧私营部门持续扩 张，就业强劲；而北欧部分制造业的裁员迹象已经显现。ING研究人员称，南北就业分化"最终让欧洲 央行的日子好过了一些"， 因为失业率趋同有助于货币政策的统一性。 欧洲央行的货币政策虽参考经济活动情况，但当前关税风险已成为其利率决策的最大考量。24日，欧洲 央行将存款机制利率维持在2.00%，主要再融资利率维持在2.15%，边际借贷便利利率维持在2.40%。这 是在综合考量经济温和增长、通胀水平稳定、关税风险骤升后的决定。行长拉加德不断强调，每次会议 都将考量多方面的综合因素，当前不确定性成为经济发展的最大风险之一。"任何与贸易相关的不确 ...

Group 1 - The European Central Bank's President Lagarde emphasized that a more accommodative financing environment supports demand in the Eurozone [1] - Increased defense and infrastructure spending is expected to provide additional support to the economy [1] - There is an urgent need to strengthen the Eurozone and its economy [1] Group 2 - The focus should be on enhancing competitiveness, productivity, and resilience within the Eurozone [1] - Anticipated tariffs and a stronger euro are expected to hinder investment [1]

Core Viewpoint - The European Central Bank Executive Board member Schnabel stated that the Eurozone economy is resilient [1] Group 1 - The Eurozone has shown strong economic resilience despite various challenges [1] - Economic indicators suggest that the Eurozone is better positioned to withstand potential shocks [1] - The outlook for the Eurozone economy remains positive, with expectations of continued growth [1]

Group 1 - The core viewpoint is that the weak economic performance in the Eurozone may lead to a correction in the euro to dollar exchange rate [1]

Group 1 - The Eurozone services sector showed a recovery in June after a brief contraction in May, with the HCOB Eurozone Services PMI rising from 49.7 in May to 50.5 in June, indicating a return to growth albeit at a weak pace [1] - The composite PMI, which includes both manufacturing and services, increased from 50.2 to 50.6, marking a three-month high, but still reflects only moderate growth [1] - New orders in the Eurozone have declined for the 13th consecutive month, although the rate of contraction has slowed to a slight level of 49.7 [1] Group 2 - The services sector confidence index reached its highest level in 2025, recovering from a 29-month low in April, yet remains below the long-term trend [2] - Input cost inflation for the services sector dropped to a seven-month low, but sales prices increased at the fastest rate in three months, complicating the inflation outlook despite recent interest rate cuts by the European Central Bank [2] - More than half of economists surveyed expect the European Central Bank to cut rates again in September after a year-long easing cycle [2]

Core Viewpoint - The European Central Bank's Vice President, Luis de Guindos, acknowledges the uncertainty and chaos in the Eurozone economy but notes that the market remains optimistic. However, high market valuations, protectionist trends, and public finance conditions pose potential risks. Concerns regarding the United States are reflected in the movement of the dollar [1]. Group 1 - The Eurozone economy is facing significant uncertainty and chaos [1] - Market optimism persists despite high valuations [1] - Protectionist trends and public finance conditions are identified as potential risks [1] Group 2 - Market concerns regarding the United States are impacting the dollar's performance [1]

Core Viewpoint - The Eurozone economy has stagnated for the second consecutive month in June, with only slight improvements in the service sector and no signs of recovery in manufacturing [1] Economic Performance - Eurozone's economic growth has been minimal for the past six months, with service sector activity remaining stagnant and manufacturing output showing only slight growth [1] - Overall demand has decreased for the 13th consecutive month, although the decline has been modest [1] Sector Analysis - The service sector shows minor signs of improvement, with increased optimism among service sector businesses [1] - In Germany, there are cautious signs of improvement, while France continues to be a drag on the overall performance [1]