????:1???????????:????vx

2????????

3?????????

4?????

5????????

?????????2????????10?? ????(?“???”)10????,2025?????1??(PMI)??????????????48.7%,?????????????????????,????????

?????????????????????????,????,??????????,1?????????PMI???????2.1%,??48.7%???,????“????????????????????????”????,?????????????

?????????????,?????????6????????????,?????????????????5.6%?51.7%,??,???,?????,??????????

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

?,????????????????1?(NMI),???????????????????????????27?????????????????????????,????????1?,??????????????,???????????????1.5%??????????????55%,??(???????????) ?????:??????