2025?1??????PMI???????50% ?3??

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