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