?:2025?????1????????????????

?????1????27? ?????????,1?27?????????,???????????????????,???????????,2025?1?????

1????,?????,??49.1%,????????1.0?????????????????;?50.2%,??????2.0??,????;??PMI?????????????????????50.1%,???????????????55.3%?????????????????????????????56.7%,??????????????????????,??

??????????,??????????????

1?????????????,??????????PMI??49.1%,??????

(??????)????????????,??49.8%??????????49.2%,?????2.3???????1.8????,???????????????????,??????????????????????51.5%,??????????;??????????????????????????????????????????????????????????,???

(???????????)?????????????????????????PMI????49.9%?49.5%???????????????46.5%,???????0.6?1.2??????2.0??????,?????????51.3%??????????????50.6%,????????;?????????????????????

(???????????????????)??????,??PMI?????50.2%,?????0.4????,????6?;????????????????????PMI?????????49.3%?49.1%??????????47.6%,?????0.4?2.3?1.2?,??

(??)????49.5%????????47.4%,??1.3????????????????0.7????????????????,???????????????????,???????????????,?????

(?????????????????)????????????????????????????55.3%,?2.0?????????????,??,???,????????????????????????60.0%?,???????????

?????????

1?,??????????????????????????50.2%,?????2.0??,????????????????,?????

(?)???????????????????????50.3%,????1.7??????,??????????????????,??????,??????????????????????????,??;?????????????????????????????????????????????????????????????55.0%?????????????,??????????????????????????,?56.8%,?????????????????????????????,????????????????

(???)??????????????????????,?????,?????49.3%,?????????????????????????????,??????????56.5%,?0.6?????,????,?????

????PMI????????????????????????

1???????????,????PMI?50.1%,???????2.1???????,???,???PMI?????49.8%??????50.2%? ????????????????????????:?????