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

??:???

?????????

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

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