??????????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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