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??????