?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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