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?????

???????????:??

?????????

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

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