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??????????????????