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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