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??????

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