????:1??????????:???????????

2????????4???

3????????95?98?

4???????vx

5???????????

???2?10???? ?(???“???????????????????????????”)10????????????????,2025?1??(PMI)??48.7%,????,????

????????????????????,???????????,??????????,1??PMI????2.1%,??????????????????????48.7%???????????????,????“??????????????”????????????,????????

?????????,???????????????6????????????????,?????????5.6%????????????????????????51.7%,?????,?????????????,??????,??????????????????????

?,??,????,??????

?????????????,?????????????????1?(NMI),????????27???????????????,??????1????,??????????????????????,??1.5%??55%,??(???????) ???:???