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