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????????????????????????

??:?????????????

?????????

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

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