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

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

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