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