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

??????:???

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

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