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