?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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??:???????????,??????????,??????????????