????????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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