2025??1?PMI??????50% ?3???????

??

?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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?????2025??1?PMI??????50% ?3????????????

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