?? 2025?1??PMI?50% ???????3??????
????:1??????????:???????
2??????????
3????????
4???????????
5?????
??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??????????????
???:?????????????