??????????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%? ??:?????

??

??:???????????,??????????,??????????????