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

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??????????????????????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????????????

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

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

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