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

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

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