2025??1???????PMI?50% ?3??????

?2??????6???? ??,??????????????????????,2025????1?????????PMI?50%,??0.5??????????,??3????,2025?????????????????1??,??????????PMI?????,??13?50%??????????;????????PMI?????50%??,?????????????9????????????50%????????????????????;??????????????PMI????????????????????PMI????,????????50%????????????????

??????????,?????,????????????????,???????,????????????????,??,????????,???????;????????????????????????????,???????????????

??2025??????,??????????????2025??????????????????«????????»??2025?3.3%,??2024?10??0.1?????????????«2025?»???????2025????2.8%,???????????????2024??????????

??,?????????????????,????;?????,?;?2025????????,??????2025?????,??????

????,PMI???????????

2025???????1????????????,??PMI????47.8%,??????????????????????????????1????,????????????2??????????????????????????????,????????PMI????52%????????????????????????;?????????????????????PMI??????,?????50%???;??????????????????????PMI?????????,?????50%???

?????????????????????????,??????????PMI??????,??48%????????,?????????,???????????????????,2024???????????(GDP)?????0.2%,???????????????????2025??0.3%,?????1.1%?????????????,??2025?????1.1%??????0.9%?????????????,????????????????????????????????,??????????????,???,??????????????????????????6?????????????????????????????????????????????????????????

?????,PMI?????50%??

2025??????1???????,??PMI??????50.9%,?1.3????????????????,?????3?????????,???50%?,????????????????????????????????????????,??????????????????PMI????,?50%??????????,??PMI??????,????????????50%?????

??PMI???????PMI???ISM??????,2025?????1????????,??PMI?????????????????????????50.9%,?????49.2%??1.7????????????,????3???????,??,???????????????????,????????????????,????52%??,?????2??????????????????????????????????????????????4.25%-4.5%???????????,?????????CPI????3%???2024?????12?,??????????CPI?? 2.9%?

?,PMI???????50%?????

2025??1??,???????????PMI?49.4%,?????????????0.8????????????????????,?????PMI?????,?????52%,?PMI????????????50%?????,?????????????????PMI??4?????????????????????,???????????????????????46%?,???????PMI????????????

??,????????????????,?,??,???????,????,?????,?????,???????????????2025?????4.3%? ???????????

?????,PMI???????

2025??????1????????,??PMI???????????50.7%,????0.4???????,??13??50%?????,?,????????PMI???????????????????????????PMI?57%???????????????,??????????PMI??????50%????;????????PMI??50%??????????????PMI?????,?????????????????????50%??????;????PMI???????????,??????50%?????

??????,????,??,?????????,???????????????????????«????»??????????2025????4.6%,?2024??10?????0.1?????????????????