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?????????

??????????????:?????????