?????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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