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??????

????????