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

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