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??????

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