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

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

??????????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%? ????????:??????