????????????????:2025?1?????

????1??27? ???????????????,1???????????????27??,????????????????????????????????????,????,2025??????1??

1????????,????????????????,??49.1%,?????1.0???????;???????50.2%,?????2.0?,????;????PMI?50.1%,?????????????55.3%?56.7%,???????????????????,???????????????

???????????,??

1????????????,?PMI?????????49.1%,???????

(???)??????????????,????????49.8%?????????49.2%,?2.3????????1.8????,???????????????????????????????,?????????????????????????????51.5%,????????;??????????????,???

(?????)???????????????????????????????PMI??????????49.9%?49.5%?46.5%,?0.6?1.2????2.0?????,????51.3%??????????50.6%,??;?????????????????????????????????????????????????????

(??)??????????,?????????PMI?50.2%,?0.4??????????????,?????6??????????;?????????????PMI????49.3%?49.1%?47.6%,??0.4?2.3???????1.2??,???

(????)???????????????49.5%??????????????????47.4%,????????????????????????1.3????????0.7????????????????????????????,???,???????????????????????????????,???????

(??????)?????????????????????????????????55.3%,???????????2.0?,?????????,???????????,???????????????????60.0%????,??????

?

1???????,??????????50.2%,????????????????2.0????,?,???????????

(??????????)???????????????????????50.3%,??????????1.7????????????????,???????????,?????,????????????????????????????????????????,?;???????????????????????????????55.0%??,???????????????????????,????56.8%,?????,???

(????????)???????????????,?,?????????????????????49.3%,??????????????????,??????????56.5%,?????????????0.6?????,?????,???????????????????????????????????

???????PMI?????

1??????????????????,????PMI?????????50.1%,?????????????????2.1????????,????,?????????????????????????PMI????49.8%???????????????????50.2%? ??:??????????