?:2025????????????????1?????

????:??guan???:??????????

????1????????27???? ?????????,1??????????27????,????????????,?????,2025??1???????????

1??????????????????,???????,??49.1%,??????????1.0?;?????50.2%,?????2.0???,??????;????????????????????????PMI????50.1%,??????????55.3%?????56.7%,????????,????????????

????,?

1???,?PMI?49.1%,????????

(???????????)???,????????49.8%?????????????49.2%,???????????2.3????1.8??????????,?????????????????????????????????,?????????????????????????????????????51.5%,?????????;??????????????????????????????????????,??

(?????)?????????????????PMI???????????????????49.9%?49.5%??46.5%,?0.6?1.2?2.0???????????,?????????????????????????????51.3%??50.6%,????;????????????????

(?????)??????????????????,??????PMI?????50.2%,?0.4??????????????????,??????6??;???????????PMI????????49.3%?49.1%?47.6%,?0.4?2.3????1.2?,?????????????????????????????

(????????)????????????????49.5%?????47.4%,??1.3??????????????0.7???????????,?,???????????????????,??????

(????)???????????????????????????????????????55.3%,??2.0???????,?????????????????,????????????,??????60.0%????,????????????

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

1?????,?????????????????????????????50.2%,????2.0??????????,??????,??????

(?????????????)?????????50.3%,??????????????????????????1.7????,??????,??,??????????????????????????????????????????????????????,??;??????????????55.0%??????????????,??????????????????????????????,??????56.8%,??????,?????

(?????????)?????????????????????????????,??????????????????????????????????,??????????49.3%,???????,???????56.5%,????????0.6?????????????????,??,??????????????????

????PMI???????????

1????,?PMI??50.1%,???2.1??????,?????????,??????????????????????PMI???????????????49.8%??????????50.2%? ?????:?????????????????????