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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