???????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?????????????????
??????:?????????????????
???????:???????????????????
?????????????????????
??2017?????????AT??????
???????
?????????????????
??:???????????????
?????????
????!??21?6??7000???????
??????????????????????
?????????????????????
??????????????????
???:????????????????
???:??????????????
???:?????????????????
?????????????????????
????????1-0??19+9???17+19
???????
26????????????????27????
??????:A???????????????
24?“??”????????????????
??????????????????
????:??????????????3?8?
?????????????????????
?????????????????????
????????:????????????