?? 2025??????1?PMI??50% ???????3?
????:1?????????:????????
2????????????
3?????
4????????
5???150???????
??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???????????????????????????
???:?????????????????