?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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