-- 加拿大央行週一發布的《第一季商業展望調查》(BOS)顯示,在伊朗衝突爆發前,加拿大商界領袖並不擔心通膨,而且經濟樂觀情緒有所增強,羅森伯格研究公司(Rosenberg Research)表示。 該調查主要在2月5日至25日期間進行,因此數據略顯“過時”,但羅森伯格研究公司指出,調查結果仍然顯示出較為平穩的通膨基線趨勢,值得通膨鷹派人士關注。 羅森伯格指出,整體擴散指數從2025年第四季的-1.78大幅改善至-0.36,雖然仍處於收縮狀態,但卻是自2022年第四季以來最強勁的訊號。 商界領袖普遍更樂觀:預期未來銷售額成長的淨比例從13%成長至25%,為2024年第四季以來的最高水準;預期機械設備投資的淨比例從14%飆升至29%,為2024年第四季以來的最高水準。未來就業預期從16%上升至38%,為2023年第一季以來的最高水準。 同時,羅森伯格補充道,通膨指標「較為平靜」。認為投入物價通膨淨佔比從12%大幅下滑至2%,而產出物價通膨淨佔比也從6%降至-8%。 認為年比通膨率超過3.0%的佔比從16%降至11%,為2020年第四季(新冠疫情最嚴重時期)以來的最低水準。羅森伯格表示,供應端瓶頸的跡象“微弱”,僅有36%的受訪者認為滿足需求“有些困難”,高於2025年第四季的27%。 加拿大央行也發布了消費者預期調查(CSCE),該調查第一季的CSCE指數從-1.00小幅上升至-0.77,但已連續第18季維持負值。羅森伯格表示,企業領導人可能對勞動市場更樂觀,但消費者卻並非如此,勞動市場指數從-0.11降至-0.13。一年期通膨預期也從4.1%小幅下調至4.0%。 雖然這項主要調查的數據也已過時——調查時間為2月5日至2月25日,即伊朗戰爭於2月28日爆發之前——但加拿大央行在3月26日至4月2日期間進行了補充調查。消費者普遍感到擔憂,81%的受訪者認為戰爭會導致通膨加劇,21%的受訪者表示已取消或推遲旅行,28%的受訪者表示因衝突而削減了開支。
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