??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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