{"id":47162,"date":"2026-05-12T09:54:42","date_gmt":"2026-05-12T09:54:42","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=47162"},"modified":"2026-05-12T09:54:42","modified_gmt":"2026-05-12T09:54:42","slug":"%e6%99%af%e6%b0%a3%e6%a6%ae%e6%9e%af%e7%9a%84%e5%85%88%e8%a1%8c%e6%8c%87%e6%a8%99%ef%bc%9a%e4%b8%89%e5%88%86%e9%90%98%e7%9c%8b%e6%87%82-pmi-%e6%8e%a1%e8%b3%bc%e7%b6%93%e7%90%86%e4%ba%ba%e6%8c%87","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/discover\/47162\/","title":{"rendered":"\u666f\u6c23\u69ae\u67af\u7684\u5148\u884c\u6307\u6a19\uff1a\u4e09\u5206\u9418\u770b\u61c2 PMI \u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\u662f\u4ec0\u9ebc\uff1f"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"572\" src=\"https:\/\/www.vtmarkets.com\/zh-ca\/wp-content\/uploads\/sites\/32\/2026\/05\/pmi-purchasing-managers-index-1024x572.webp\" alt=\"pmi-purchasing-managers-index\" class=\"wp-image-47164\" srcset=\"https:\/\/www.vtmarkets.com\/zh-ca\/wp-content\/uploads\/sites\/32\/2026\/05\/pmi-purchasing-managers-index-1024x572.webp 1024w, https:\/\/www.vtmarkets.com\/zh-ca\/wp-content\/uploads\/sites\/32\/2026\/05\/pmi-purchasing-managers-index-300x167.webp 300w, https:\/\/www.vtmarkets.com\/zh-ca\/wp-content\/uploads\/sites\/32\/2026\/05\/pmi-purchasing-managers-index-768x429.webp 768w, https:\/\/www.vtmarkets.com\/zh-ca\/wp-content\/uploads\/sites\/32\/2026\/05\/pmi-purchasing-managers-index-500x279.webp 500w, https:\/\/www.vtmarkets.com\/zh-ca\/wp-content\/uploads\/sites\/32\/2026\/05\/pmi-purchasing-managers-index-400x223.webp 400w, https:\/\/www.vtmarkets.com\/zh-ca\/wp-content\/uploads\/sites\/32\/2026\/05\/pmi-purchasing-managers-index-350x195.webp 350w, https:\/\/www.vtmarkets.com\/zh-ca\/wp-content\/uploads\/sites\/32\/2026\/05\/pmi-purchasing-managers-index-200x112.webp 200w, https:\/\/www.vtmarkets.com\/zh-ca\/wp-content\/uploads\/sites\/32\/2026\/05\/pmi-purchasing-managers-index.webp 1376w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u7576\u4f60\u770b\u5230\u65b0\u805e\u6a19\u984c\u51fa\u73fe\u300c\u7f8e\u570b\u88fd\u9020\u696d PMI \u8dcc\u7834\u69ae\u67af\u7dda\u300d\u6216\u300c\u5167\u5730\u5b98\u65b9 PMI \u5275\u534a\u5e74\u65b0\u9ad8\u300d\u6642\uff0c\u9019\u4e9b\u6578\u64da\u7a76\u7adf\u8207\u7f8e\u80a1\u3001\u6e2f\u80a1\uff0c\u751a\u81f3\u6574\u9ad4\u7d93\u6fdf\u8d70\u52e2\u6709\u4ec0\u9ebc\u95dc\u806f\uff1f<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">PMI\uff08\u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\uff09\u4e26\u975e\u55ae\u7d14\u7684\u7d93\u6fdf\u6578\u5b57\uff0c\u800c\u662f\u4e00\u9805\u80fd\u5728\u80a1\u50f9\u8207 GDP \u7b49\u5b98\u65b9\u7d71\u8a08\u6578\u64da\u53cd\u6620\u4e4b\u524d\uff0c\u5c31\u63d0\u524d\u63ed\u793a\u666f\u6c23\u64f4\u5f35\u6216\u6536\u7e2e\u65b9\u5411\u7684\u9818\u5148\u7d93\u6fdf\u6307\u6a19\u3002\u900f\u904e\u7cfb\u7d71\u6027\u5730\u89e3\u6790 PMI \u6307\u6578\u7684\u7d44\u6210\u8207\u8b8a\u5316\uff0c\u6295\u8cc7\u8005\u5f80\u5f80\u80fd\u66f4\u65e9\u638c\u63e1\u5e02\u5834\u60c5\u7dd2\u8207\u7522\u696d\u52d5\u80fd\uff0c\u70ba\u5f8c\u7e8c\u7684\u6295\u8cc7\u6c7a\u7b56\u63d0\u4f9b\u95dc\u9375\u53c3\u8003\u3002\u672c\u6587\u5c07\u5e36\u4f60\u6df1\u5165\u6dfa\u51fa\u5730\u62c6\u89e3 PMI \u662f\u4ec0\u9ebc\uff0c\u4ee5\u53ca\u6295\u8cc7\u4eba\u8a72\u5982\u4f55\u904b\u7528\u9019\u9805\u6307\u6a19\uff0c\u5728\u5e02\u5834\u4e2d\u5efa\u7acb\u66f4\u5177\u524d\u77bb\u6027\u7684\u5224\u65b7\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">\u91cd\u9ede\u6574\u7406<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>PMI\uff08\u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\uff09\u662f\u4e00\u9805\u9818\u5148\u7d93\u6fdf\u6307\u6a19<\/strong>\uff0c\u80fd\u5728 GDP\u3001\u8ca1\u5831\u8207\u80a1\u50f9\u5168\u9762\u53cd\u6620\u4e4b\u524d\uff0c\u63d0\u524d\u63ed\u793a\u666f\u6c23\u64f4\u5f35\u6216\u6536\u7e2e\u7684\u65b9\u5411\u3002<\/li>\n\n\n\n<li><strong>50 \u70ba PMI \u7684\u69ae\u67af\u7dda<\/strong>\uff1a\u9ad8\u65bc 50 \u4ee3\u8868\u7d93\u6fdf\u6d3b\u52d5\u64f4\u5f35\uff0c\u4f4e\u65bc 50 \u5247\u4ee3\u8868\u6536\u7e2e\uff0c\u4f46\u5be6\u52d9\u5224\u8b80\u61c9\u642d\u914d\u8da8\u52e2\u8b8a\u5316\uff0c\u800c\u975e\u53ea\u770b\u55ae\u4e00\u6578\u503c\u3002<\/li>\n\n\n\n<li><strong>PMI \u7684\u8da8\u52e2\u6bd4\u55ae\u6708\u6578\u5b57\u66f4\u91cd\u8981<\/strong>\u3002\u9023\u7e8c\u4e0a\u5347\u6216\u4e0b\u6ed1\uff0c\u5f80\u5f80\u6bd4\u300c\u662f\u5426\u7ad9\u4e0a 50\u300d\u66f4\u80fd\u9810\u793a\u7d93\u6fdf\u9031\u671f\u8f49\u6298\u3002<\/li>\n\n\n\n<li><strong>\u65b0\u8a02\u55ae\u8207\u5eab\u5b58\u7684\u8b8a\u5316\uff0c\u662f\u89e3\u8b80 PMI \u7684\u6838\u5fc3\u7dda\u7d22<\/strong>\u3002\u65b0\u8a02\u55ae\u589e\u52a0\u3001\u5eab\u5b58\u4e0b\u964d\u901a\u5e38\u4ee3\u8868\u9700\u6c42\u6539\u5584\uff0c\u53cd\u4e4b\u5247\u9700\u7559\u610f\u666f\u6c23\u653e\u7de9\u98a8\u96aa\u3002<\/li>\n\n\n\n<li><strong>\u88fd\u9020\u696d PMI \u8207\u670d\u52d9\u696d PMI \u53cd\u6620\u4e0d\u540c\u666f\u6c23\u9762\u5411<\/strong>\u3002\u9999\u6e2f\u6295\u8cc7\u8005\u9664\u95dc\u6ce8\u672c\u5730\u670d\u52d9\u696d PMI \u5916\uff0c\u4e5f\u61c9\u7559\u610f\u4e2d\u570b\u5b98\u65b9\u8207\u8ca1\u65b0 PMI \u5c0d\u6e2f\u80a1\u7684\u5f71\u97ff\u3002<\/li>\n\n\n\n<li><strong>PMI \u9069\u5408\u7528\u4f86\u5224\u65b7\u5e02\u5834\u65b9\u5411\u8207\u9810\u671f<\/strong>\uff0c\u800c GDP \u5247\u7528\u4f86\u9a57\u8b49\u7d50\u679c\uff0c\u5169\u8005\u642d\u914d\u4f7f\u7528\uff0c\u80fd\u5efa\u7acb\u66f4\u5b8c\u6574\u7684\u7e3d\u9ad4\u7d93\u6fdf\u5224\u65b7\u6846\u67b6\u3002<\/li>\n<\/ul>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">PMI \u662f\u4ec0\u9ebc\uff1f<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">PMI\uff08Purchasing Managers&#8217; Index\uff09\uff0c\u4e2d\u6587\u5168\u7a31\u70ba\u300c\u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\u300d\uff0c\u662f\u4e00\u9805\u7528\u4f86\u8861\u91cf\u6574\u9ad4\u7d93\u6fdf\u6d3b\u52d5\u8d70\u52e2\u7684<strong>\u9818\u5148\u7d93\u6fdf\u6307\u6a19<\/strong>\u3002\u8a72\u6307\u6578\u4e3b\u8981\u900f\u904e\u5b9a\u671f\u8abf\u67e5\u4f01\u696d\u63a1\u8cfc\u7d93\u7406\uff0c\u5f59\u6574\u5176\u5c0d\u65b0\u8a02\u55ae\u3001\u751f\u7522\u72c0\u6cc1\u3001\u4eba\u529b\u50f1\u7528\u8207\u5eab\u5b58\u8b8a\u5316\u7b49\u71df\u904b\u9762\u5411\u7684\u5be6\u969b\u611f\u53d7\u8207\u9810\u671f\uff0c\u85c9\u6b64\u63d0\u524d\u53cd\u6620\u7522\u696d\u666f\u6c23\u7684\u51b7\u71b1\u8b8a\u5316\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7531\u65bc\u63a1\u8cfc\u7d93\u7406\u8eab\u8655\u4f01\u696d\u71df\u904b\u7b2c\u4e00\u7dda\uff0c\u5f80\u5f80\u80fd\u5728\u8a02\u55ae\u8b8a\u5316\u6216\u9700\u6c42\u8f49\u5411\u521d\u671f\u5c31\u5bdf\u89ba\u7570\u5e38\uff0c\u56e0\u6b64 PMI \u901a\u5e38\u6703<strong>\u65e9\u65bc GDP\u3001\u4f01\u696d\u8ca1\u5831\u751a\u81f3\u80a1\u50f9\u8868\u73fe<\/strong>\uff0c\u7387\u5148\u986f\u793a\u7d93\u6fdf\u53ef\u80fd\u9032\u5165\u64f4\u5f35\u6216\u6536\u7e2e\u968e\u6bb5\u3002\u9019\u4e5f\u662f\u70ba\u4f55 PMI \u88ab\u5ee3\u6cdb\u8996\u70ba\u5224\u65b7\u666f\u6c23\u5faa\u74b0\u8207\u5e02\u5834\u65b9\u5411\u7684\u91cd\u8981\u53c3\u8003\u6307\u6a19\u3002<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">\u6307\u6578\u7684\u7d44\u6210\u7d50\u69cb<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">PMI \u4e26\u975e\u55ae\u4e00\u6578\u64da\uff0c\u800c\u662f\u7531\u591a\u500b\u5b50\u9805\u76ee\u52a0\u6b0a\u8a08\u7b97\u800c\u6210\u3002\u4ee5\u6700\u5e38\u898b\u7684\u300c\u88fd\u9020\u696d PMI\u300d\u70ba\u4f8b\uff0c\u5176\u7d44\u6210\u6b0a\u91cd\u5982\u4e0b\uff1a<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>PMI = \u65b0\u8a02\u55ae\uff0830%\uff09\uff0b \u751f\u7522\uff0825%\uff09\uff0b \u4eba\u529b\u50f1\u7528\uff0820%\uff09\uff0b \u4f9b\u61c9\u5546\u4ea4\u8ca8\uff0815%\uff09\uff0b \u5b58\u8ca8\uff0810%\uff09<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5f9e\u6b0a\u91cd\u914d\u7f6e\u53ef\u4ee5\u770b\u51fa\uff0c\u300c\u65b0\u8a02\u55ae\u300d\u4f54\u6bd4\u6700\u9ad8\uff0c\u56e0\u70ba\u8a02\u55ae\u8b8a\u5316\u5f80\u5f80\u76f4\u63a5\u5f71\u97ff\u4f01\u696d\u5f8c\u7e8c\u7684\u751f\u7522\u8a08\u756b\u8207\u8cc7\u672c\u652f\u51fa\uff1b\u800c\u4eba\u529b\u50f1\u7528\u8207\u5eab\u5b58\u6c34\u4f4d\uff0c\u5247\u53cd\u6620\u4f01\u696d\u5c0d\u672a\u4f86\u9700\u6c42\u7684\u4fe1\u5fc3\u7a0b\u5ea6\u3002\u7576\u9019\u4e9b\u5b50\u9805\u76ee\u52a0\u6b0a\u5f8c\u5f62\u6210\u7e3d\u6307\u6578\uff0c\u5e02\u5834\u4fbf\u80fd\u64da\u6b64\u5feb\u901f\u5224\u65b7\u6574\u9ad4\u7d93\u6fdf\u52d5\u80fd\u7684\u5f37\u5f31\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">PMI \u6578\u503c\u600e\u9ebc\u770b\uff1f<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">PMI \u7684\u6578\u503c\u7bc4\u570d\u4ecb\u65bc 0 \u5230 100 \u4e4b\u9593\uff0c\u800c\u5176\u4e2d <strong>50 \u88ab\u8996\u70ba\u6700\u95dc\u9375\u7684\u300c\u69ae\u67af\u7dda\u300d<\/strong>\uff0c\u662f\u5224\u65b7\u666f\u6c23\u64f4\u5f35\u6216\u6536\u7e2e\u7684\u91cd\u8981\u5206\u6c34\u5dba\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>PMI > 50<\/strong>\uff1a\u4ee3\u8868\u7d93\u6fdf\u6d3b\u52d5\u8655\u65bc\u64f4\u5f35\u968e\u6bb5\uff0c\u6578\u503c\u8d8a\u9ad8\uff0c\u666f\u6c23\u6210\u9577\u52d5\u80fd\u8d8a\u5f37\u3002<\/li>\n\n\n\n<li><strong>PMI = 50<\/strong>\uff1a\u4ee3\u8868\u7d93\u6fdf\u6d3b\u52d5\u7dad\u6301\u6301\u5e73\uff0c\u6210\u9577\u8207\u8870\u9000\u529b\u91cf\u76f8\u7576\u3002<\/li>\n\n\n\n<li><strong>PMI &lt; 50<\/strong>\uff1a\u4ee3\u8868\u7d93\u6fdf\u6d3b\u52d5\u51fa\u73fe\u6536\u7e2e\uff0c\u4f01\u696d\u8a02\u55ae\u8207\u7522\u51fa\u53ef\u80fd\u540c\u6b65\u653e\u7de9\uff0c\u8870\u9000\u98a8\u96aa\u4e0a\u5347\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u7531\u65bc PMI \u5c6c\u65bc\u8abf\u67e5\u578b\u6307\u6a19\uff0c\u80fd\u5feb\u901f\u53cd\u6620\u4f01\u696d\u7b2c\u4e00\u7dda\u7684\u5be6\u969b\u611f\u53d7\uff0c\u56e0\u6b64\u5e02\u5834\u901a\u5e38\u6703\u5728\u6578\u64da\u516c\u5e03\u5f8c\u7acb\u5373\u53cd\u61c9\uff0c\u800c\u4e0d\u6703\u7b49\u5f85\u5f8c\u7e8c\u7684 GDP \u6216\u5b98\u65b9\u7d71\u8a08\u7d50\u679c\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u771f\u5be6\u6848\u4f8b\uff1a<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2020 \u5e74 2 \u6708\uff0c\u53d7\u5230\u65b0\u51a0\u75ab\u60c5\u885d\u64ca\uff0c\u4e2d\u570b\u5b98\u65b9\u88fd\u9020\u696d PMI \u66fe\u4e00\u5ea6\u66b4\u8dcc\u81f3 <strong>35.7 \u7684\u6b77\u53f2\u4f4e\u9ede<\/strong>\u3002\u9019\u9805\u6578\u64da\u516c\u5e03\u5f8c\uff0c\u8fc5\u901f\u5f15\u767c\u5168\u7403\u5e02\u5834\u5c0d\u4f9b\u61c9\u93c8\u4e2d\u65b7\u8207\u7d93\u6fdf\u505c\u6eef\u7684\u64d4\u6182\uff0c\u4e5f\u70ba\u5f8c\u7e8c\u6578\u6708\u7684<a href=\"https:\/\/www.vtmarketsglobal.com\/markets\/\" target=\"_blank\" rel=\"noopener\" title=\"\">\u91d1\u878d\u5e02\u5834<\/a>\u5287\u70c8\u6ce2\u52d5\u63d0\u524d\u6572\u97ff\u8b66\u9418\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u56e0\u6b64\uff0c\u5c0d\u6295\u8cc7\u4eba\u800c\u8a00\uff0cPMI \u7684\u6578\u503c\u4e0d\u53ea\u662f\u300c\u662f\u5426\u53ca\u683c\u300d\uff0c\u66f4\u662f\u4e00\u500b\u7528\u4f86\u63d0\u65e9\u89c0\u5bdf\u7d93\u6fdf\u8f49\u6298\u8207\u5e02\u5834\u60c5\u7dd2\u8b8a\u5316\u7684\u91cd\u8981\u8a0a\u865f\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">\u9700\u8981\u5b78\u6703\u770b PMI \u7684 3 \u5927\u539f\u56e0<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u5c0d\u65bc\u525b\u958b\u59cb\u63a5\u89f8\u6295\u8cc7\u8207\u4ea4\u6613\u7684\u65b0\u624b\u800c\u8a00\uff0c\u7406\u89e3 PMI \u4e0d\u53ea\u662f\u589e\u52a0\u8ca1\u7d93\u77e5\u8b58\uff0c\u66f4\u662f\u70ba\u4e86\u5728\u5e02\u5834\u6ce2\u52d5\u52a0\u5287\u6642\uff0c\u80fd\u66f4\u6709\u6548\u5730\u8a55\u4f30\u98a8\u96aa\u8207\u5224\u65b7\u65b9\u5411\u3002\u4ee5\u4e0b\u662f\u6295\u8cc7\u4eba\u61c9\u8a72\u95dc\u6ce8 PMI \u7684\u4e09\u500b\u6838\u5fc3\u539f\u56e0\uff1a<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">1. PMI \u80fd\u9818\u5148 GDP \u53cd\u6620\u7d93\u6fdf\u73fe\u72c0<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">GDP \u5c6c\u65bc\u5178\u578b\u7684\u300c\u843d\u5f8c\u6307\u6a19\u300d\uff0c\u901a\u5e38\u5728\u4e00\u500b\u5b63\u5ea6\u7d50\u675f\u5f8c\uff0c\u624d\u6703\u65bc\u6578\u9031\u751a\u81f3\u6578\u6708\u5f8c\u516c\u5e03\uff1b\u76f8\u8f03\u4e4b\u4e0b\uff0cPMI \u6bcf\u6708\u56fa\u5b9a\u767c\u5e03\uff0c\u80fd\u5373\u6642\u53cd\u6620\u7522\u696d\u7b2c\u4e00\u7dda\u7684\u71df\u904b\u72c0\u6cc1\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5e02\u5834\u672c\u8eab\u4ea4\u6613\u7684\u662f\u300c\u9810\u671f\u300d\u800c\u975e\u55ae\u7d14\u7684\u7d50\u679c\u3002\u7576 PMI \u9023\u7e8c\u6578\u6708\u7dad\u6301\u4e0a\u5347\u8da8\u52e2\u6642\uff0c\u5373\u4fbf\u5b98\u65b9 GDP \u5c1a\u672a\u6539\u5584\uff0c\u80a1\u5e02\u5f80\u5f80\u5df2\u63d0\u524d\u53cd\u6620\u7d93\u6fdf\u56de\u6eab\u7684\u53ef\u80fd\u6027\uff0c\u4f7f PMI \u6210\u70ba\u89c0\u5bdf\u666f\u6c23\u62d0\u9ede\u7684\u91cd\u8981\u524d\u54e8\u6307\u6a19\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">2. PMI \u662f\u8ca8\u5e63\u653f\u7b56\u8207\u5229\u7387\u8d70\u5411\u7684\u91cd\u8981\u53c3\u8003<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u5404\u570b\u592e\u884c\uff08\u5982\u7f8e\u570b\u806f\u6e96\u6703 Fed \u6216\u9999\u6e2f\u91d1\u7ba1\u5c40\uff09\u5728\u5236\u5b9a\u5229\u7387\u8207\u8ca8\u5e63\u653f\u7b56\u6642\uff0cPMI \u7d93\u5e38\u88ab\u7d0d\u5165\u91cd\u8981\u53c3\u8003\u4f9d\u64da\u4e4b\u4e00\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>PMI \u9577\u671f\u8655\u65bc 60 \u4ee5\u4e0a<\/strong>\uff1a\u4ee3\u8868\u7d93\u6fdf\u6d3b\u52d5\u904e\u71b1\uff0c<a href=\"https:\/\/www.vtmarketsglobal.com\/discover\/34196\/\" target=\"_blank\" rel=\"noopener\" title=\"\">\u901a\u8139<\/a>\u58d3\u529b\u5347\u6eab\uff0c\u592e\u884c\u53ef\u80fd\u50be\u5411\u5347\u606f\u6216\u6536\u7dca\u653f\u7b56\u3002<\/li>\n\n\n\n<li><strong>PMI \u8dcc\u7834 45 \u4e26\u6301\u7e8c\u8d70\u5f31<\/strong>\uff1a\u4ee3\u8868\u666f\u6c23\u660e\u986f\u964d\u6eab\uff0c\u53ef\u80fd\u5f15\u767c\u964d\u606f\u6216\u5bec\u9b06\u653f\u7b56\u7684\u8a0e\u8ad6\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u9019\u5c0d\u65bc\u6301\u6709\u6e2f\u5e63\u6216\u7f8e\u5143\u8a08\u50f9\u8cc7\u7522\u7684\u6295\u8cc7\u4eba\u5c24\u5176\u95dc\u9375\uff0c\u56e0\u70ba\u5229\u7387\u8b8a\u5316\u6703\u76f4\u63a5\u5f71\u97ff\u501f\u8cb8\u6210\u672c\u3001\u4f01\u696d\u4f30\u503c\u8207\u8cc7\u91d1\u6d41\u5411\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">3. PMI \u662f\u5224\u65b7\u677f\u584a\u8f2a\u52d5\u7684\u91cd\u8981\u98a8\u5411\u6a19<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">PMI \u901a\u5e38\u5340\u5206\u70ba\u300c\u88fd\u9020\u696d PMI\u300d\u8207\u300c\u975e\u88fd\u9020\u696d\uff08\u670d\u52d9\u696d\uff09PMI\u300d\uff0c\u5169\u8005\u53cd\u6620\u7684\u7522\u696d\u7d50\u69cb\u8207\u53d7\u76ca\u677f\u584a\u4e26\u4e0d\u76f8\u540c\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u88fd\u9020\u696d PMI \u8868\u73fe\u5f37\u52c1<\/strong>\uff1a\u901a\u5e38\u6709\u5229\u65bc\u5de5\u696d\u3001\u539f\u6750\u6599\u3001\u80fd\u6e90\u8207\u51fa\u53e3\u76f8\u95dc\u7522\u696d\u3002<\/li>\n\n\n\n<li><strong>\u670d\u52d9\u696d PMI \u8868\u73fe\u4eae\u773c<\/strong>\uff1a\u5247\u8f03\u80fd\u5e36\u52d5\u96f6\u552e\u3001\u65c5\u904a\u3001\u91d1\u878d\u8207\u5167\u9700\u578b\u7522\u696d\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u900f\u904e\u6bd4\u8f03\u88fd\u9020\u696d\u8207\u670d\u52d9\u696d PMI \u7684\u5f37\u5f31\u8b8a\u5316\uff0c\u6295\u8cc7\u4eba\u80fd\u66f4\u6e05\u695a\u638c\u63e1\u8cc7\u91d1\u8f2a\u52d5\u65b9\u5411\uff0c\u9032\u800c\u8abf\u6574\u6295\u8cc7\u7d44\u5408\u914d\u7f6e\uff0c\u63d0\u9ad8\u6c7a\u7b56\u7684\u524d\u77bb\u6027\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">PMI \u5982\u4f55\u9810\u6e2c\u7d93\u6fdf\u8d70\u5411<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u5c0d\u8a31\u591a\u6295\u8cc7\u65b0\u624b\u800c\u8a00\uff0c\u5e38\u898b\u7684\u8aa4\u5340\u5728\u65bc\u53ea\u95dc\u6ce8 PMI \u662f\u5426\u7ad9\u4e0a\u6216\u8dcc\u7834 50 \u69ae\u67af\u7dda\u3002\u7136\u800c\uff0c\u55ae\u4e00\u6708\u4efd\u7684 PMI \u6578\u503c\u5f80\u5f80\u6703\u53d7\u5230\u77ed\u671f\u4e8b\u4ef6\u5f71\u97ff\uff0c\u771f\u6b63\u5177\u5099\u524d\u77bb\u50f9\u503c\u7684\uff0c\u53cd\u800c\u662f\u6578\u64da\u80cc\u5f8c\u7684\u300c\u8b8a\u5316\u8da8\u52e2\u300d\u8207\u300c\u7d50\u69cb\u8a0a\u865f\u300d\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u900f\u904e PMI\uff0c\u6295\u8cc7\u4eba\u4e0d\u53ea\u662f\u56de\u9867\u904e\u53bb\u4e00\u500b\u6708\u7684\u7d93\u6fdf\u8868\u73fe\uff0c\u800c\u662f\u5728\u89e3\u8b80\u4f01\u696d\u7ba1\u7406\u5c64\u5c0d\u672a\u4f86\u4e00\u81f3\u5169\u500b\u5b63\u5ea6\u7684\u8a02\u55ae\u9810\u671f\u3001\u4eba\u529b\u50f1\u7528\u610f\u9858\u8207\u5099\u8ca8\u7b56\u7565\u3002\u6b63\u56e0\u5982\u6b64\uff0cPMI \u5f80\u5f80\u80fd\u6bd4 GDP \u6216\u4f01\u696d\u8ca1\u5831\uff0c\u66f4\u65e9\u53cd\u6620\u7d93\u6fdf\u5faa\u74b0\u5373\u5c07\u8f49\u5411\u7684\u8de1\u8c61\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7406\u89e3 PMI \u662f\u4ec0\u9ebc\u53ea\u662f\u8d77\u9ede\uff0c\u771f\u6b63\u7684\u6295\u8cc7\u50f9\u503c\uff0c\u4f86\u81ea\u65bc\u5c0d\u6578\u64da\u52d5\u80fd\u8207\u7d50\u69cb\u8b8a\u5316\u7684\u5224\u8b80\u3002\u638c\u63e1\u4ee5\u4e0b\u5169\u7a2e\u5e38\u898b\u65b9\u6cd5\uff0c\u6709\u52a9\u65bc\u6295\u8cc7\u4eba\u5728\u5e02\u5834\u6ce2\u52d5\u4e2d\uff0c\u66f4\u7cbe\u6e96\u5730\u8b58\u5225\u6f5b\u5728\u7684\u8f49\u6298\u9ede\u3002<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">\u9810\u6e2c\u65b9\u5f0f\u4e00\uff1a\u6578\u64da\u8da8\u52e2\u6bd4\u55ae\u4e00\u6578\u503c\u66f4\u91cd\u8981<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u55ae\u4e00\u6708\u4efd\u7684 PMI \u6578\u64da\u53ef\u80fd\u51fa\u73fe\u96dc\u8a0a\uff0c\u4f46\u82e5 PMI \u9023\u7e8c\u6578\u6708\u5448\u73fe\u76f8\u540c\u65b9\u5411\u7684\u8b8a\u5316\uff0c\u5f80\u5f80\u4ee3\u8868\u7d93\u6fdf\u9031\u671f\u6b63\u9010\u6b65\u8f49\u5411\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u6301\u7e8c\u4e0a\u5347\uff08Acceleration\uff09<\/strong>\uff1a\u5373\u4f7f PMI \u4ecd\u4f4e\u65bc 50\uff0c\u53ea\u8981\u6578\u503c\u5f9e 42 \u5347\u81f3 45\u3001\u518d\u5230 48\uff0c\u901a\u5e38\u4ee3\u8868\u666f\u6c23\u53ef\u80fd\u5df2\u7d93\u89f8\u5e95\uff0c\u4f01\u696d\u4fe1\u5fc3\u6b63\u5728\u6062\u5fa9\uff0c\u7d93\u6fdf\u9032\u5165\u5fa9\u7526\u524d\u671f\u3002<\/li>\n\n\n\n<li><strong>\u6301\u7e8c\u4e0b\u6ed1\uff08Deceleration\uff09<\/strong>\uff1a\u82e5 PMI \u5f9e 58 \u56de\u843d\u81f3 55\uff0c\u518d\u964d\u81f3 52\uff0c\u5373\u4f7f\u4ecd\u4f4d\u65bc\u64f4\u5f35\u5340\u9593\uff0c\u4e5f\u986f\u793a\u6210\u9577\u52d5\u80fd\u6b63\u5728\u6e1b\u5f31\uff0c\u4f01\u696d\u53ef\u80fd\u958b\u59cb\u8f49\u8da8\u4fdd\u5b88\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u5c0d\u6295\u8cc7\u4eba\u800c\u8a00\uff0c\u9019\u985e\u8da8\u52e2\u8b8a\u5316\u5f80\u5f80\u6bd4\u300c\u662f\u5426\u53ca\u683c\u300d\u66f4\u5177\u9810\u8b66\u6548\u679c\uff0c\u7279\u5225\u662f\u5728\u5224\u65b7\u80a1\u5e02\u662f\u5426\u63a5\u8fd1\u9ad8\u9ede\u6216\u4f4e\u9ede\u6642\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">\u9810\u6e2c\u65b9\u5f0f\u4e8c\uff1a\u5f9e\u5eab\u5b58\u9031\u671f\u89c0\u5bdf\u4f9b\u9700\u8b8a\u5316<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u5728 PMI \u7684\u5404\u9805\u5b50\u6307\u6a19\u4e4b\u4e2d\uff0c\u300c\u65b0\u8a02\u55ae\u300d\u8207\u300c\u7522\u6210\u54c1\u5eab\u5b58\u300d\u4e4b\u9593\u7684\u95dc\u4fc2\uff0c\u662f\u5224\u65b7\u672a\u4f86\u666f\u6c23\u8d70\u5411\u7684\u95dc\u9375\u7dda\u7d22\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u65b0\u8a02\u55ae\u589e\u52a0\uff0b\u5eab\u5b58\u4e0b\u964d<\/strong>\uff1a\u4ee3\u8868\u5e02\u5834\u9700\u6c42\u5f37\u52c1\u3001\u4f9b\u7d66\u76f8\u5c0d\u5403\u7dca\uff0c\u4f01\u696d\u901a\u5e38\u9700\u8981\u64f4\u7522\u6216\u589e\u52a0\u4eba\u529b\uff0c\u5f8c\u7e8c\u666f\u6c23\u8868\u73fe\u504f\u5411\u6b63\u9762\u3002<\/li>\n\n\n\n<li><strong>\u65b0\u8a02\u55ae\u6e1b\u5c11\uff0b\u5eab\u5b58\u5806\u7a4d<\/strong>\uff1a\u4ee3\u8868\u9700\u6c42\u8f49\u5f31\u3001\u7522\u80fd\u904e\u5269\u98a8\u96aa\u5347\u9ad8\uff0c\u4f01\u696d\u53ef\u80fd\u9762\u81e8\u6e1b\u7522\u8207\u5229\u6f64\u4e0b\u6ed1\uff0c\u80a1\u50f9\u56de\u6a94\u98a8\u96aa\u4ea6\u96a8\u4e4b\u4e0a\u5347\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u5982\uff0c\u7576 2023 \u5e74\u4e2d\u570b\u5b98\u65b9\u88fd\u9020\u696d PMI \u591a\u6b21\u8dcc\u7834 50 \u69ae\u67af\u7dda\u6642\uff0c\u6578\u64da\u986f\u793a\u5916\u9700\u660e\u986f\u8f49\u5f31\uff0c\u9032\u800c\u5f71\u97ff\u9999\u6e2f\u7684\u8f49\u53e3\u8cbf\u6613\u8868\u73fe\u3002\u76f8\u95dc\u7269\u6d41\u8207\u822a\u904b\u985e\u80a1\uff0c\u5982\u6771\u65b9\u6d77\u5916\u570b\u969b\uff080316.HK\uff09\uff0c\u5728\u540c\u4e00\u5e74\u5ea6\u7684\u80a1\u50f9\u8d70\u52e2\u4ea6\u627f\u53d7\u660e\u986f\u58d3\u529b\uff0c\u53cd\u6620 PMI \u8a0a\u865f\u8207\u5be6\u9ad4\u7d93\u6fdf\u4e4b\u9593\u7684\u9ad8\u5ea6\u9023\u52d5\u6027\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">\u9999\u6e2f PMI \u516c\u4f48\u6a5f\u69cb\u53ca\u516c\u4f48\u6642\u9593<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u5c0d\u9999\u6e2f\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u7406\u89e3\u300c\u8ab0\u5728\u516c\u4f48 PMI\u300d\u4ee5\u53ca\u300c\u6578\u64da\u4f55\u6642\u767c\u5e03\u300d\uff0c\u5f80\u5f80\u6bd4\u55ae\u7d14\u8a18\u4f4f\u6578\u503c\u672c\u8eab\u66f4\u70ba\u91cd\u8981\u3002\u5728\u5be6\u52d9\u4e0a\uff0c\u5e02\u5834\u4e3b\u8981\u95dc\u6ce8\u4ee5\u4e0b\u5169\u5927\u4f86\u6e90\uff1a<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">1. \u6a19\u666e\u5168\u7403\u9999\u6e2f\u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\uff08S&amp;P Global Hong Kong PMI\uff09<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u6a19\u666e\u5168\u7403\u767c\u5e03\u7684\u9999\u6e2f PMI\uff0c\u662f\u76ee\u524d\u7528\u4f86\u8861\u91cf\u9999\u6e2f\u79c1\u71df\u7d93\u6fdf\u72c0\u6cc1\u6700\u5177\u4ee3\u8868\u6027\u7684\u6307\u6a19\u4e4b\u4e00\uff0c\u8abf\u67e5\u7bc4\u570d\u6db5\u84cb\u88fd\u9020\u696d\u3001\u670d\u52d9\u696d\u3001\u96f6\u552e\u8207\u5efa\u9020\u696d\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u516c\u5e03\u6642\u9593<\/strong>\uff1a\u901a\u5e38\u70ba\u6bcf\u6708\u7b2c\u4e00\u500b\u6216\u7b2c\u4e8c\u500b\u5de5\u4f5c\u65e5\uff08\u7d04\u4e0a\u5348 8:30\uff09\u3002<\/li>\n\n\n\n<li><strong>\u89c0\u6e2c\u91cd\u9ede<\/strong>\uff1a\u7531\u65bc\u9999\u6e2f\u5c6c\u65bc\u9ad8\u5ea6\u670d\u52d9\u5c0e\u5411\u7d93\u6fdf\u9ad4\uff0c\u8a72 PMI \u80fd\u8f03\u6e96\u78ba\u53cd\u6620\u672c\u5730\u6d88\u8cbb\u5e02\u5834\u3001\u5c31\u696d\u72c0\u6cc1\u8207\u5167\u9700\u52d5\u80fd\u7684\u8b8a\u5316\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u5982\uff0c2024 \u5e74\u521d\u6578\u64da\u986f\u793a\uff0c\u9999\u6e2f PMI \u56de\u5347\u81f3 50 \u9644\u8fd1\uff0c\u53cd\u6620\u5728\u901a\u95dc\u6548\u61c9\u4e0b\uff0c\u96f6\u552e\u8207\u9910\u98f2\u6d3b\u52d5\u9010\u6b65\u56de\u6eab\uff0c\u4f46\u6574\u9ad4\u5fa9\u7526\u7bc0\u594f\u4ecd\u5c6c\u6eab\u548c\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">2. \u4e2d\u570b\u5b98\u65b9 PMI \u8207\u8ca1\u65b0\uff08Caixin\uff09PMI<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u7531\u65bc\u6046\u751f\u6307\u6578\u8207\u6046\u751f\u79d1\u6280\u6307\u6578\u7684\u6b0a\u91cd\u80a1\uff0c\u591a\u6578\u4f86\u81ea\u5167\u5730\u4f01\u696d\uff0c\u56e0\u6b64\u4e2d\u570b PMI \u5c0d\u6e2f\u80a1\u8d70\u52e2\u7684\u5f71\u97ff\uff0c\u5f80\u5f80\u4e0d\u4e9e\u65bc\u9999\u6e2f\u672c\u5730\u6578\u64da\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e2d\u570b\u5b98\u65b9 PMI<\/strong>\uff1a\u7531\u5b98\u65b9\u6a5f\u69cb\u8abf\u67e5\uff0c\u6bcf\u6708\u6700\u5f8c\u4e00\u65e5\u516c\u5e03\uff0c\u6a23\u672c\u504f\u5411\u5927\u578b\u570b\u4f01\u8207\u50b3\u7d71\u7522\u696d\u3002<\/li>\n\n\n\n<li><strong>\u8ca1\u65b0 PMI<\/strong>\uff1a\u7531\u8ca1\u65b0\u8207\u6a19\u666e\u5168\u7403\u5408\u4f5c\u767c\u5e03\uff0c\u901a\u5e38\u65bc\u6bcf\u6708\u521d\u516c\u5e03\uff0c\u6a23\u672c\u4ee5\u4e2d\u5c0f\u578b\u8207\u51fa\u53e3\u5c0e\u5411\u7684\u6c11\u71df\u4f01\u696d\u70ba\u4e3b\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u7576\u5b98\u65b9 PMI \u8207\u8ca1\u65b0 PMI \u51fa\u73fe\u660e\u986f\u5206\u6b67\u6642\uff0c\u5f80\u5f80\u53cd\u6620\u5927\u578b\u4f01\u696d\u8207\u4e2d\u5c0f\u4f01\u696d\u4e4b\u9593\u7684\u666f\u6c23\u843d\u5dee\u3002\u5c0d\u65bc\u4ea4\u6613\u6046\u751f\u79d1\u6280\u6307\u6578\u3001\u6210\u9577\u578b\u80a1\u7968\u6216\u4e2d\u5c0f\u578b\u80a1\u7684\u6295\u8cc7\u4eba\u800c\u8a00\uff0c\u8ca1\u65b0 PMI \u5728\u5224\u8b80\u5916\u9700\u8207\u4f01\u696d\u4fe1\u5fc3\u8b8a\u5316\u4e0a\uff0c\u901a\u5e38\u66f4\u5177\u524d\u77bb\u53c3\u8003\u50f9\u503c\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">\u7d50\u8a9e<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">PMI \u662f\u4ec0\u9ebc\uff1f\u5b83\u662f\u4e00\u9805\u80fd\u5354\u52a9\u6295\u8cc7\u4eba\u63d0\u65e9\u7406\u89e3\u7d93\u6fdf\u5faa\u74b0\u4f4d\u7f6e\u7684\u91cd\u8981\u6307\u6a19\u3002\u5728\u5145\u6eff\u4e0d\u78ba\u5b9a\u6027\u7684\u91d1\u878d\u5e02\u5834\u4e2d\uff0cPMI \u63d0\u4f9b\u4e86\u4e00\u7a2e\u76f8\u5c0d\u5373\u6642\u4e14\u91cf\u5316\u7684\u89c0\u5bdf\u65b9\u5f0f\uff0c\u5e6b\u52a9\u6211\u5011\u5728\u5e02\u5834\u60c5\u7dd2\u5c1a\u672a\u5168\u9762\u53cd\u6620\u4e4b\u524d\uff0c\u5148\u4e00\u6b65\u638c\u63e1\u7522\u696d\u52d5\u80fd\u7684\u8b8a\u5316\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5f9e\u6700\u57fa\u790e\u7684 50 \u69ae\u67af\u7dda\u5224\u8b80\uff0c\u5230\u7d50\u5408\u8da8\u52e2\u8b8a\u5316\u8207\u5eab\u5b58\u9031\u671f\u7684\u6df1\u5165\u5206\u6790\uff0cPMI \u4e0d\u50c5\u80fd\u53cd\u6620\u7576\u4e0b\u666f\u6c23\u72c0\u614b\uff0c\u4e5f\u80fd\u5354\u52a9\u6295\u8cc7\u4eba\u63d0\u524d\u601d\u8003\u672a\u4f86\u53ef\u80fd\u51fa\u73fe\u7684\u5e02\u5834\u8f49\u6298\u3002\u7121\u8ad6\u662f\u89c0\u5bdf<a href=\"https:\/\/www.vtmarketsglobal.com\/discover\/16859\/\" target=\"_blank\" rel=\"noopener\" title=\"\">\u7f8e\u80a1<\/a>\u7d93\u6fdf\u8108\u52d5\uff0c\u6216\u662f\u7814\u5224\u6e2f\u80a1\u8207\u5167\u5730\u4f01\u696d\u7684\u666f\u6c23\u8d70\u5411\uff0cPMI \u90fd\u662f\u4e00\u9805\u5177\u9ad8\u5ea6\u53c3\u8003\u50f9\u503c\u7684\u9818\u5148\u7d93\u6fdf\u6307\u6a19<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">\u95dc\u65bc VT Markets \u2014 \u638c\u63e1 PMI \u8da8\u52e2\u7684\u6700\u4f73\u5925\u4f34<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.vtmarketsglobal.com\/about-vt-markets\/\" target=\"_blank\" rel=\"noopener\" title=\"\">VT Markets<\/a> \u70ba\u5168\u7403\u591a\u5143\u91d1\u878d<a href=\"https:\/\/www.vtmarketsglobal.com\/platforms\/\" target=\"_blank\" rel=\"noopener\" title=\"\">\u4ea4\u6613\u5e73\u53f0<\/a>\uff0c\u63d0\u4f9b\u5177\u7af6\u722d\u529b\u7684\u9ede\u5dee\u7d50\u69cb\u3001\u7a69\u5b9a\u7684\u8a02\u55ae\u57f7\u884c\u6548\u7387\uff0c\u4e26\u5b8c\u6574\u652f\u63f4 <a href=\"https:\/\/www.vtmarketsglobal.com\/metatrader-4\/\" target=\"_blank\" rel=\"noopener\" title=\"\">MetaTrader 4 (MT4)<\/a> \u8207 <a href=\"https:\/\/www.vtmarketsglobal.com\/metatrader-5\/\" target=\"_blank\" rel=\"noopener\" title=\"\">MetaTrader 5 (MT5)<\/a> \u4ea4\u6613\u7cfb\u7d71\uff0c\u540c\u6642\u4ea6\u63d0\u4f9b\u529f\u80fd\u5b8c\u5584\u7684 <a href=\"https:\/\/www.vtmarketsglobal.com\/vt-markets-app\/\" target=\"_blank\" rel=\"noopener\" title=\"\">VT Markets App<\/a>\uff0c\u5354\u52a9\u6295\u8cc7\u8005\u5373\u6642\u8ffd\u8e64\u5168\u7403\u7e3d\u9ad4\u7d93\u6fdf\u8207\u5e02\u5834\u6578\u64da\u8b8a\u5316\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7121\u8ad6\u662f\u6839\u64da\u88fd\u9020\u696d PMI \u89c0\u5bdf\u539f\u6750\u6599\u8207\u80fd\u6e90\u677f\u584a\uff0c\u6216\u900f\u904e\u670d\u52d9\u696d PMI \u5206\u6790\u96f6\u552e\u8207\u91d1\u878d\u5e02\u5834\u52d5\u5411\uff0cVT Markets \u6240\u63d0\u4f9b\u7684\u5373\u6642\u8ca1\u7d93\u65e5\u66c6\u8207<a href=\"https:\/\/www.vtmarketsglobal.com\/discover\/29870\/\" target=\"_blank\" rel=\"noopener\" title=\"\">\u6280\u8853\u5206\u6790<\/a>\u5de5\u5177\uff0c\u90fd\u80fd\u5354\u52a9\u6295\u8cc7\u4eba\u65bc\u6578\u64da\u516c\u5e03\u6642\u5feb\u901f\u638c\u63e1\u5e02\u5834\u53cd\u61c9\uff0c\u63d0\u5347\u6c7a\u7b56\u6548\u7387\u3002\u82e5\u5728\u5be6\u969b\u64cd\u4f5c\u6216\u5e73\u53f0\u529f\u80fd\u4f7f\u7528\u4e0a\u6709\u4efb\u4f55\u7591\u554f\uff0c\u6295\u8cc7\u4eba\u4ea6\u53ef\u96a8\u6642\u900f\u904e <a href=\"https:\/\/get.vtmarkets.help\/hc\/zh-tw\" target=\"_blank\" rel=\"noopener\" title=\"\">VT Markets \u5e6b\u52a9\u4e2d\u5fc3<\/a>\uff0c\u67e5\u95b1\u76f8\u95dc\u6559\u5b78\u8207\u64cd\u4f5c\u8aaa\u660e\uff0c\u5efa\u7acb\u66f4\u5b8c\u6574\u7684\u4ea4\u6613\u7406\u89e3\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7406\u89e3 PMI \u662f\u4ec0\u9ebc\uff0c\u53ea\u662f\u6295\u8cc7\u5224\u65b7\u7684\u8d77\u9ede\uff0c\u5c07\u6578\u64da\u8f49\u5316\u70ba\u53ef\u57f7\u884c\u7b56\u7565\uff0c\u624d\u662f\u9577\u671f\u7a69\u5065\u4ea4\u6613\u7684\u95dc\u9375\u3002\u638c\u63e1\u9818\u5148\u6307\u6a19\uff0c\u9818\u5148\u5e02\u5834\u4f48\u5c40\u3002\u73fe\u5728\u5373\u53ef<a href=\"https:\/\/www.vtmarketsglobal.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">\u8a3b\u518a\u5e33\u865f<\/a>\uff0c\u900f\u904e <a href=\"https:\/\/www.vtmarketsglobal.com\/\" target=\"_blank\" rel=\"noopener\" title=\"\">VT Markets<\/a> \u7cbe\u6e96\u6355\u6349\u6bcf\u4e00\u500b\u6839\u64da PMI \u6578\u64da\u8b8a\u52d5\u7684\u4e0b\u55ae\u6642\u6a5f\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">PMI \u5e38\u898b\u554f\u984c\uff08FAQ\uff09<\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">1. \u5982\u679c PMI \u4f4e\u65bc 50 \u69ae\u67af\u7dda\uff0c\u80a1\u5e02\u5c31\u4e00\u5b9a\u6703\u5927\u8dcc\u55ce\uff1f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e0d\u4e00\u5b9a\u3002\u96d6\u7136 PMI &lt; 50 \u4ee3\u8868\u7d93\u6fdf\u6d3b\u52d5\u840e\u7e2e\uff0c\u4f46\u91d1\u878d\u5e02\u5834\u6709\u6642\u6703\u51fa\u73fe\u58de\u6d88\u606f\u5373\u662f\u597d\u6d88\u606f\u7684\u5947\u7279\u73fe\u8c61\u3002\u7576 PMI \u6307\u6578\u8868\u73fe\u6975\u5dee\u6642\uff0c\u6295\u8cc7\u8005\u53ef\u80fd\u6703\u9810\u671f\u5404\u570b\u592e\u884c\uff08\u5982 Fed\uff09\u6703\u70ba\u4e86\u6551\u5e02\u800c\u63a8\u51fa\u964d\u606f\u6216\u91cf\u5316\u5bec\u9b06\u653f\u7b56\uff0c\u9019\u7a2e\u6d41\u52d5\u6027\u9810\u671f\u53cd\u800c\u6703\u63a8\u5347\u80a1\u5e02\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">2. \u9664\u4e86\u88fd\u9020\u696d PMI\uff0c\u9084\u6709\u54ea\u4e9b\u76f8\u95dc\u6578\u64da\u662f\u9999\u6e2f\u6295\u8cc7\u8005\u5fc5\u9808\u95dc\u6ce8\u7684\uff1f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u7531\u65bc\u9999\u6e2f\u662f\u5178\u578b\u7684\u670d\u52d9\u578b\u7d93\u6fdf\u9ad4\uff0c\u975e\u88fd\u9020\u696d\uff08\u670d\u52d9\u696d\uff09PMI \u7684\u91cd\u8981\u6027\u4e0d\u4e9e\u65bc\u88fd\u9020\u696d\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">3. PMI \u6307\u6578\u8207 GDP \u6578\u64da\u6709\u4ec0\u9ebc\u5dee\u5225\uff1f\u6211\u8a72\u770b\u54ea\u4e00\u500b\uff1f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u7c21\u55ae\u4f86\u8aaa\uff0cPMI \u662f\u300c\u9810\u6e2c\u300d\uff0c\u800c GDP \u662f\u300c\u6210\u679c\u300d\u3002GDP \u662f\u6eef\u5f8c\u6307\u6a19\uff0c\u901a\u5e38\u5728\u5b63\u5ea6\u7d50\u675f\u5f8c\u6578\u6708\u624d\u516c\u5e03\uff1b\u800c PMI \u662f\u6bcf\u6708\u767c\u5e03\u7684\u9818\u5148\u6307\u6a19\u3002\u5c0d\u65bc\u8ffd\u6c42\u6642\u6548\u6027\u7684\u4ea4\u6613\u8005\u4f86\u8aaa\uff0cPMI \u7684\u53c3\u8003\u50f9\u503c\u66f4\u9ad8\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">4. PMI \u9ad8\u65bc 50 \u4e00\u5b9a\u4ee3\u8868\u80a1\u5e02\u6703\u4e0a\u6f32\u55ce\uff1f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e0d\u4e00\u5b9a\u3002PMI \u9ad8\u65bc 50 \u4ee3\u8868\u7d93\u6fdf\u6d3b\u52d5\u8655\u65bc\u64f4\u5f35\u5340\u9593\uff0c\u4f46\u91d1\u878d\u5e02\u5834\u95dc\u6ce8\u7684\u5f80\u5f80\u662f\u300c\u8b8a\u5316\u8da8\u52e2\u300d\u8207\u300c\u5e02\u5834\u9810\u671f\u300d\u3002\u82e5 PMI \u5df2\u8655\u65bc\u9ad8\u4f4d\u4f46\u958b\u59cb\u4e0b\u6ed1\uff0c\u53cd\u800c\u53ef\u80fd\u88ab\u89e3\u8b80\u70ba\u6210\u9577\u52d5\u80fd\u653e\u7de9\uff0c\u5c0d\u80a1\u5e02\u4e0d\u4e00\u5b9a\u6709\u5229\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">5. \u88fd\u9020\u696d PMI \u8207\u670d\u52d9\u696d PMI\uff0c\u9999\u6e2f\u6295\u8cc7\u8005\u8a72\u770b\u54ea\u4e00\u500b\uff1f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u7531\u65bc\u9999\u6e2f\u5c6c\u65bc\u4ee5\u670d\u52d9\u696d\u70ba\u4e3b\u7684\u7d93\u6fdf\u9ad4\uff0c\u670d\u52d9\u696d PMI \u5c0d\u672c\u5730\u6d88\u8cbb\u3001\u5c31\u696d\u8207\u5167\u9700\u7684\u53c3\u8003\u50f9\u503c\u901a\u5e38\u9ad8\u65bc\u88fd\u9020\u696d PMI\u3002\u4e0d\u904e\uff0c\u7531\u65bc\u6e2f\u80a1\u6b0a\u91cd\u80a1\u591a\u70ba\u5167\u5730\u4f01\u696d\uff0c\u89c0\u5bdf\u4e2d\u570b\u88fd\u9020\u696d\u8207\u8ca1\u65b0 PMI \u4ecd\u7136\u5341\u5206\u91cd\u8981\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">6. PMI \u6578\u64da\u6e96\u78ba\u55ce\uff1f\u6703\u4e0d\u6703\u5931\u771f\uff1f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">PMI \u5c6c\u65bc\u8abf\u67e5\u578b\u6307\u6a19\uff0c\u53cd\u6620\u7684\u662f\u4f01\u696d\u7d93\u71df\u8005\u7684\u611f\u53d7\u8207\u9810\u671f\uff0c\u800c\u975e\u5be6\u969b\u7522\u51fa\u6578\u64da\uff0c\u56e0\u6b64\u77ed\u671f\u53ef\u80fd\u53d7\u5230\u60c5\u7dd2\u6216\u7a81\u767c\u4e8b\u4ef6\u5f71\u97ff\u3002\u5be6\u52d9\u4e0a\uff0c\u61c9\u8a72\u642d\u914d\u9023\u7e8c\u6578\u6708\u8d70\u52e2\uff0c\u4ee5\u53ca\u5176\u4ed6\u7d93\u6fdf\u6307\u6a19\u4ea4\u53c9\u89c0\u5bdf\uff0c\u800c\u975e\u53ea\u770b\u55ae\u4e00\u6578\u503c\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">7. \u65b0\u624b\u6295\u8cc7\u4eba\u770b PMI \u6642\uff0c\u6700\u5e38\u898b\u7684\u932f\u8aa4\u662f\u4ec0\u9ebc\uff1f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u6700\u5e38\u898b\u7684\u8aa4\u5340\uff0c\u662f\u53ea\u95dc\u6ce8 PMI \u662f\u5426\u9ad8\u65bc\u6216\u4f4e\u65bc 50\uff0c\u800c\u5ffd\u7565\u6578\u64da\u7684\u8da8\u52e2\u8b8a\u5316\u3002\u5be6\u52d9\u4e0a\uff0cPMI \u5f9e 48 \u5347\u81f3 49\uff0c\u5f80\u5f80\u6bd4\u5f9e 55 \u964d\u81f3 54 \u66f4\u5177\u524d\u77bb\u610f\u7fa9\uff0c\u56e0\u70ba\u5b83\u53ef\u80fd\u4ee3\u8868\u7d93\u6fdf\u6b63\u5728\u63a5\u8fd1\u8f49\u6298\u9ede\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">8. PMI \u8207 GDP \u54ea\u4e00\u500b\u66f4\u9069\u5408\u7528\u4f86\u505a\u4ea4\u6613\u5224\u65b7\uff1f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">PMI \u9069\u5408\u7528\u4f86\u5224\u65b7\u300c\u65b9\u5411\u8207\u9810\u671f\u300d\uff0c\u800c GDP \u5247\u7528\u4f86\u78ba\u8a8d\u300c\u7d50\u679c\u8207\u6210\u7e3e\u300d\u3002\u5c0d\u9700\u8981\u63d0\u65e9\u5e03\u5c40\u7684\u4ea4\u6613\u8005\u800c\u8a00\uff0cPMI \u7684\u53c3\u8003\u50f9\u503c\u901a\u5e38\u9ad8\u65bc GDP\uff0c\u4f46\u5728\u8a55\u4f30\u4e2d\u9577\u671f\u7d93\u6fdf\u57fa\u790e\u6642\uff0c\u5169\u8005\u4ecd\u61c9\u642d\u914d\u4f7f\u7528\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u7576\u4f60\u770b\u5230\u65b0\u805e\u6a19\u984c\u51fa\u73fe\u300c\u7f8e\u570b\u88fd\u9020\u696d PMI \u8dcc\u7834\u69ae\u67af\u7dda\u300d\u6216\u300c\u5167\u5730\u5b98\u65b9 PMI \u5275\u534a\u5e74\u65b0\u9ad8\u300d\u6642\uff0c\u9019\u4e9b\u6578\u64da\u7a76\u7adf\u8207\u7f8e\u80a1\u3001\u6e2f\u80a1\uff0c\u751a\u81f3\u6574\u9ad4\u7d93\u6fdf\u8d70\u52e2\u6709\u4ec0\u9ebc\u95dc\u806f\uff1f PMI\uff08\u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\uff09\u4e26\u975e\u55ae\u7d14\u7684\u7d93\u6fdf\u6578\u5b57\uff0c\u800c\u662f\u4e00\u9805\u80fd\u5728\u80a1\u50f9\u8207 GDP \u7b49\u5b98\u65b9\u7d71\u8a08\u6578\u64da\u53cd\u6620\u4e4b\u524d\uff0c\u5c31\u63d0\u524d\u63ed\u793a\u666f\u6c23\u64f4\u5f35\u6216\u6536\u7e2e\u65b9\u5411\u7684\u9818\u5148\u7d93\u6fdf\u6307\u6a19\u3002\u900f\u904e\u7cfb\u7d71\u6027\u5730\u89e3\u6790 PMI \u6307\u6578\u7684\u7d44\u6210\u8207\u8b8a\u5316\uff0c\u6295\u8cc7\u8005\u5f80\u5f80\u80fd\u66f4\u65e9\u638c\u63e1\u5e02\u5834\u60c5\u7dd2\u8207\u7522\u696d\u52d5\u80fd\uff0c\u70ba\u5f8c\u7e8c\u7684\u6295\u8cc7\u6c7a\u7b56\u63d0\u4f9b\u95dc\u9375\u53c3\u8003\u3002\u672c\u6587\u5c07\u5e36\u4f60\u6df1\u5165\u6dfa\u51fa\u5730\u62c6\u89e3 PMI \u662f\u4ec0\u9ebc\uff0c\u4ee5\u53ca\u6295\u8cc7\u4eba\u8a72\u5982\u4f55\u904b\u7528\u9019\u9805\u6307\u6a19\uff0c\u5728\u5e02\u5834\u4e2d\u5efa\u7acb\u66f4\u5177\u524d\u77bb\u6027\u7684\u5224\u65b7\u3002 \u91cd\u9ede\u6574\u7406 PMI \u662f\u4ec0\u9ebc\uff1f PMI\uff08Purchasing Managers&#8217; Index\uff09\uff0c\u4e2d\u6587\u5168\u7a31\u70ba\u300c\u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\u300d\uff0c\u662f\u4e00\u9805\u7528\u4f86\u8861\u91cf\u6574\u9ad4\u7d93\u6fdf\u6d3b\u52d5\u8d70\u52e2\u7684\u9818\u5148\u7d93\u6fdf\u6307\u6a19\u3002\u8a72\u6307\u6578\u4e3b\u8981\u900f\u904e\u5b9a\u671f\u8abf\u67e5\u4f01\u696d\u63a1\u8cfc\u7d93\u7406\uff0c\u5f59\u6574\u5176\u5c0d\u65b0\u8a02\u55ae\u3001\u751f\u7522\u72c0\u6cc1\u3001\u4eba\u529b\u50f1\u7528\u8207\u5eab\u5b58\u8b8a\u5316\u7b49\u71df\u904b\u9762\u5411\u7684\u5be6\u969b\u611f\u53d7\u8207\u9810\u671f\uff0c\u85c9\u6b64\u63d0\u524d\u53cd\u6620\u7522\u696d\u666f\u6c23\u7684\u51b7\u71b1\u8b8a\u5316\u3002 \u7531\u65bc\u63a1\u8cfc\u7d93\u7406\u8eab\u8655\u4f01\u696d\u71df\u904b\u7b2c\u4e00\u7dda\uff0c\u5f80\u5f80\u80fd\u5728\u8a02\u55ae\u8b8a\u5316\u6216\u9700\u6c42\u8f49\u5411\u521d\u671f\u5c31\u5bdf\u89ba\u7570\u5e38\uff0c\u56e0\u6b64 PMI \u901a\u5e38\u6703\u65e9\u65bc GDP\u3001\u4f01\u696d\u8ca1\u5831\u751a\u81f3\u80a1\u50f9\u8868\u73fe\uff0c\u7387\u5148\u986f\u793a\u7d93\u6fdf\u53ef\u80fd\u9032\u5165\u64f4\u5f35\u6216\u6536\u7e2e\u968e\u6bb5\u3002\u9019\u4e5f\u662f\u70ba\u4f55 PMI \u88ab\u5ee3\u6cdb\u8996\u70ba\u5224\u65b7\u666f\u6c23\u5faa\u74b0\u8207\u5e02\u5834\u65b9\u5411\u7684\u91cd\u8981\u53c3\u8003\u6307\u6a19\u3002 \u6307\u6578\u7684\u7d44\u6210\u7d50\u69cb PMI \u4e26\u975e\u55ae\u4e00\u6578\u64da\uff0c\u800c\u662f\u7531\u591a\u500b\u5b50\u9805\u76ee\u52a0\u6b0a\u8a08\u7b97\u800c\u6210\u3002\u4ee5\u6700\u5e38\u898b\u7684\u300c\u88fd\u9020\u696d PMI\u300d\u70ba\u4f8b\uff0c\u5176\u7d44\u6210\u6b0a\u91cd\u5982\u4e0b\uff1a PMI = \u65b0\u8a02\u55ae\uff0830%\uff09\uff0b \u751f\u7522\uff0825%\uff09\uff0b \u4eba\u529b\u50f1\u7528\uff0820%\uff09\uff0b \u4f9b\u61c9\u5546\u4ea4\u8ca8\uff0815%\uff09\uff0b \u5b58\u8ca8\uff0810%\uff09 \u5f9e\u6b0a\u91cd\u914d\u7f6e\u53ef\u4ee5\u770b\u51fa\uff0c\u300c\u65b0\u8a02\u55ae\u300d\u4f54\u6bd4\u6700\u9ad8\uff0c\u56e0\u70ba\u8a02\u55ae\u8b8a\u5316\u5f80\u5f80\u76f4\u63a5\u5f71\u97ff\u4f01\u696d\u5f8c\u7e8c\u7684\u751f\u7522\u8a08\u756b\u8207\u8cc7\u672c\u652f\u51fa\uff1b\u800c\u4eba\u529b\u50f1\u7528\u8207\u5eab\u5b58\u6c34\u4f4d\uff0c\u5247\u53cd\u6620\u4f01\u696d\u5c0d\u672a\u4f86\u9700\u6c42\u7684\u4fe1\u5fc3\u7a0b\u5ea6\u3002\u7576\u9019\u4e9b\u5b50\u9805\u76ee\u52a0\u6b0a\u5f8c\u5f62\u6210\u7e3d\u6307\u6578\uff0c\u5e02\u5834\u4fbf\u80fd\u64da\u6b64\u5feb\u901f\u5224\u65b7\u6574\u9ad4\u7d93\u6fdf\u52d5\u80fd\u7684\u5f37\u5f31\u3002 PMI \u6578\u503c\u600e\u9ebc\u770b\uff1f PMI \u7684\u6578\u503c\u7bc4\u570d\u4ecb\u65bc 0 \u5230 100 \u4e4b\u9593\uff0c\u800c\u5176\u4e2d 50 \u88ab\u8996\u70ba\u6700\u95dc\u9375\u7684\u300c\u69ae\u67af\u7dda\u300d\uff0c\u662f\u5224\u65b7\u666f\u6c23\u64f4\u5f35\u6216\u6536\u7e2e\u7684\u91cd\u8981\u5206\u6c34\u5dba\u3002 \u7531\u65bc PMI \u5c6c\u65bc\u8abf\u67e5\u578b\u6307\u6a19\uff0c\u80fd\u5feb\u901f\u53cd\u6620\u4f01\u696d\u7b2c\u4e00\u7dda\u7684\u5be6\u969b\u611f\u53d7\uff0c\u56e0\u6b64\u5e02\u5834\u901a\u5e38\u6703\u5728\u6578\u64da\u516c\u5e03\u5f8c\u7acb\u5373\u53cd\u61c9\uff0c\u800c\u4e0d\u6703\u7b49\u5f85\u5f8c\u7e8c\u7684 GDP \u6216\u5b98\u65b9\u7d71\u8a08\u7d50\u679c\u3002 \u771f\u5be6\u6848\u4f8b\uff1a 2020 \u5e74 2 <a href=\"https:\/\/www.vtmarkets.com\/zh-ca\/discover\/47162\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":88,"featured_media":47164,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-47162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discover"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"\u7576\u4f60\u770b\u5230\u65b0\u805e\u6a19\u984c\u51fa\u73fe\u300c\u7f8e\u570b\u88fd\u9020\u696d PMI \u8dcc\u7834\u69ae\u67af\u7dda\u300d\u6216\u300c\u5167\u5730\u5b98\u65b9 PMI \u5275\u534a\u5e74\u65b0\u9ad8\u300d\u6642\uff0c\u9019\u4e9b\u6578\u64da\u7a76\u7adf\u8207\u7f8e\u80a1\u3001\u6e2f\u80a1\uff0c\u751a\u81f3\u6574\u9ad4\u7d93\u6fdf\u8d70\u52e2\u6709\u4ec0\u9ebc\u95dc\u806f\uff1f 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\u7684\u6838\u5fc3\u7dda\u7d22\u3002\u65b0\u8a02\u55ae\u589e\u52a0\u3001\u5eab\u5b58\u4e0b\u964d\u901a\u5e38\u4ee3\u8868\u9700\u6c42\u6539\u5584\uff0c\u53cd\u4e4b\u5247\u9700\u7559\u610f\u666f\u6c23\u653e\u7de9\u98a8\u96aa\u3002 \u88fd\u9020\u696d PMI \u8207\u670d\u52d9\u696d PMI \u53cd\u6620\u4e0d\u540c\u666f\u6c23\u9762\u5411\u3002\u9999\u6e2f\u6295\u8cc7\u8005\u9664\u95dc\u6ce8\u672c\u5730\u670d\u52d9\u696d PMI \u5916\uff0c\u4e5f\u61c9\u7559\u610f\u4e2d\u570b\u5b98\u65b9\u8207\u8ca1\u65b0 PMI \u5c0d\u6e2f\u80a1\u7684\u5f71\u97ff\u3002 PMI \u9069\u5408\u7528\u4f86\u5224\u65b7\u5e02\u5834\u65b9\u5411\u8207\u9810\u671f\uff0c\u800c GDP \u5247\u7528\u4f86\u9a57\u8b49\u7d50\u679c\uff0c\u5169\u8005\u642d\u914d\u4f7f\u7528\uff0c\u80fd\u5efa\u7acb\u66f4\u5b8c\u6574\u7684\u7e3d\u9ad4\u7d93\u6fdf\u5224\u65b7\u6846\u67b6\u3002 PMI \u662f\u4ec0\u9ebc\uff1f PMI\uff08Purchasing Managers&#039; Index\uff09\uff0c\u4e2d\u6587\u5168\u7a31\u70ba\u300c\u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\u300d\uff0c\u662f\u4e00\u9805\u7528\u4f86\u8861\u91cf\u6574\u9ad4\u7d93\u6fdf\u6d3b\u52d5\u8d70\u52e2\u7684\u9818\u5148\u7d93\u6fdf\u6307\u6a19\u3002\u8a72\u6307\u6578\u4e3b\u8981\u900f\u904e\u5b9a\u671f\u8abf\u67e5\u4f01\u696d\u63a1\u8cfc\u7d93\u7406\uff0c\u5f59\u6574\u5176\u5c0d\u65b0\u8a02\u55ae\u3001\u751f\u7522\u72c0\u6cc1\u3001\u4eba\u529b\u50f1\u7528\u8207\u5eab\u5b58\u8b8a\u5316\u7b49\u71df\u904b\u9762\u5411\u7684\u5be6\u969b\u611f\u53d7\u8207\u9810\u671f\uff0c\u85c9\u6b64\u63d0\u524d\u53cd\u6620\u7522\u696d\u666f\u6c23\u7684\u51b7\u71b1\u8b8a\u5316\u3002 \u7531\u65bc\u63a1\u8cfc\u7d93\u7406\u8eab\u8655\u4f01\u696d\u71df\u904b\u7b2c\u4e00\u7dda\uff0c\u5f80\u5f80\u80fd\u5728\u8a02\u55ae\u8b8a\u5316\u6216\u9700\u6c42\u8f49\u5411\u521d\u671f\u5c31\u5bdf\u89ba\u7570\u5e38\uff0c\u56e0\u6b64 PMI \u901a\u5e38\u6703\u65e9\u65bc 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content=\"\u666f\u6c23\u69ae\u67af\u7684\u5148\u884c\u6307\u6a19\uff1a\u4e09\u5206\u9418\u770b\u61c2 PMI \u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\u662f\u4ec0\u9ebc\uff1f - VT Markets\" \/>\n\t\t<meta property=\"og:description\" content=\"\u7576\u4f60\u770b\u5230\u65b0\u805e\u6a19\u984c\u51fa\u73fe\u300c\u7f8e\u570b\u88fd\u9020\u696d PMI \u8dcc\u7834\u69ae\u67af\u7dda\u300d\u6216\u300c\u5167\u5730\u5b98\u65b9 PMI \u5275\u534a\u5e74\u65b0\u9ad8\u300d\u6642\uff0c\u9019\u4e9b\u6578\u64da\u7a76\u7adf\u8207\u7f8e\u80a1\u3001\u6e2f\u80a1\uff0c\u751a\u81f3\u6574\u9ad4\u7d93\u6fdf\u8d70\u52e2\u6709\u4ec0\u9ebc\u95dc\u806f\uff1f PMI\uff08\u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\uff09\u4e26\u975e\u55ae\u7d14\u7684\u7d93\u6fdf\u6578\u5b57\uff0c\u800c\u662f\u4e00\u9805\u80fd\u5728\u80a1\u50f9\u8207 GDP \u7b49\u5b98\u65b9\u7d71\u8a08\u6578\u64da\u53cd\u6620\u4e4b\u524d\uff0c\u5c31\u63d0\u524d\u63ed\u793a\u666f\u6c23\u64f4\u5f35\u6216\u6536\u7e2e\u65b9\u5411\u7684\u9818\u5148\u7d93\u6fdf\u6307\u6a19\u3002\u900f\u904e\u7cfb\u7d71\u6027\u5730\u89e3\u6790 PMI \u6307\u6578\u7684\u7d44\u6210\u8207\u8b8a\u5316\uff0c\u6295\u8cc7\u8005\u5f80\u5f80\u80fd\u66f4\u65e9\u638c\u63e1\u5e02\u5834\u60c5\u7dd2\u8207\u7522\u696d\u52d5\u80fd\uff0c\u70ba\u5f8c\u7e8c\u7684\u6295\u8cc7\u6c7a\u7b56\u63d0\u4f9b\u95dc\u9375\u53c3\u8003\u3002\u672c\u6587\u5c07\u5e36\u4f60\u6df1\u5165\u6dfa\u51fa\u5730\u62c6\u89e3 PMI \u662f\u4ec0\u9ebc\uff0c\u4ee5\u53ca\u6295\u8cc7\u4eba\u8a72\u5982\u4f55\u904b\u7528\u9019\u9805\u6307\u6a19\uff0c\u5728\u5e02\u5834\u4e2d\u5efa\u7acb\u66f4\u5177\u524d\u77bb\u6027\u7684\u5224\u65b7\u3002 \u91cd\u9ede\u6574\u7406 PMI\uff08\u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\uff09\u662f\u4e00\u9805\u9818\u5148\u7d93\u6fdf\u6307\u6a19\uff0c\u80fd\u5728 GDP\u3001\u8ca1\u5831\u8207\u80a1\u50f9\u5168\u9762\u53cd\u6620\u4e4b\u524d\uff0c\u63d0\u524d\u63ed\u793a\u666f\u6c23\u64f4\u5f35\u6216\u6536\u7e2e\u7684\u65b9\u5411\u3002 50 \u70ba PMI \u7684\u69ae\u67af\u7dda\uff1a\u9ad8\u65bc 50 \u4ee3\u8868\u7d93\u6fdf\u6d3b\u52d5\u64f4\u5f35\uff0c\u4f4e\u65bc 50 \u5247\u4ee3\u8868\u6536\u7e2e\uff0c\u4f46\u5be6\u52d9\u5224\u8b80\u61c9\u642d\u914d\u8da8\u52e2\u8b8a\u5316\uff0c\u800c\u975e\u53ea\u770b\u55ae\u4e00\u6578\u503c\u3002 PMI \u7684\u8da8\u52e2\u6bd4\u55ae\u6708\u6578\u5b57\u66f4\u91cd\u8981\u3002\u9023\u7e8c\u4e0a\u5347\u6216\u4e0b\u6ed1\uff0c\u5f80\u5f80\u6bd4\u300c\u662f\u5426\u7ad9\u4e0a 50\u300d\u66f4\u80fd\u9810\u793a\u7d93\u6fdf\u9031\u671f\u8f49\u6298\u3002 \u65b0\u8a02\u55ae\u8207\u5eab\u5b58\u7684\u8b8a\u5316\uff0c\u662f\u89e3\u8b80 PMI \u7684\u6838\u5fc3\u7dda\u7d22\u3002\u65b0\u8a02\u55ae\u589e\u52a0\u3001\u5eab\u5b58\u4e0b\u964d\u901a\u5e38\u4ee3\u8868\u9700\u6c42\u6539\u5584\uff0c\u53cd\u4e4b\u5247\u9700\u7559\u610f\u666f\u6c23\u653e\u7de9\u98a8\u96aa\u3002 \u88fd\u9020\u696d PMI \u8207\u670d\u52d9\u696d PMI \u53cd\u6620\u4e0d\u540c\u666f\u6c23\u9762\u5411\u3002\u9999\u6e2f\u6295\u8cc7\u8005\u9664\u95dc\u6ce8\u672c\u5730\u670d\u52d9\u696d PMI \u5916\uff0c\u4e5f\u61c9\u7559\u610f\u4e2d\u570b\u5b98\u65b9\u8207\u8ca1\u65b0 PMI \u5c0d\u6e2f\u80a1\u7684\u5f71\u97ff\u3002 PMI \u9069\u5408\u7528\u4f86\u5224\u65b7\u5e02\u5834\u65b9\u5411\u8207\u9810\u671f\uff0c\u800c GDP \u5247\u7528\u4f86\u9a57\u8b49\u7d50\u679c\uff0c\u5169\u8005\u642d\u914d\u4f7f\u7528\uff0c\u80fd\u5efa\u7acb\u66f4\u5b8c\u6574\u7684\u7e3d\u9ad4\u7d93\u6fdf\u5224\u65b7\u6846\u67b6\u3002 PMI \u662f\u4ec0\u9ebc\uff1f PMI\uff08Purchasing Managers&#039; Index\uff09\uff0c\u4e2d\u6587\u5168\u7a31\u70ba\u300c\u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\u300d\uff0c\u662f\u4e00\u9805\u7528\u4f86\u8861\u91cf\u6574\u9ad4\u7d93\u6fdf\u6d3b\u52d5\u8d70\u52e2\u7684\u9818\u5148\u7d93\u6fdf\u6307\u6a19\u3002\u8a72\u6307\u6578\u4e3b\u8981\u900f\u904e\u5b9a\u671f\u8abf\u67e5\u4f01\u696d\u63a1\u8cfc\u7d93\u7406\uff0c\u5f59\u6574\u5176\u5c0d\u65b0\u8a02\u55ae\u3001\u751f\u7522\u72c0\u6cc1\u3001\u4eba\u529b\u50f1\u7528\u8207\u5eab\u5b58\u8b8a\u5316\u7b49\u71df\u904b\u9762\u5411\u7684\u5be6\u969b\u611f\u53d7\u8207\u9810\u671f\uff0c\u85c9\u6b64\u63d0\u524d\u53cd\u6620\u7522\u696d\u666f\u6c23\u7684\u51b7\u71b1\u8b8a\u5316\u3002 \u7531\u65bc\u63a1\u8cfc\u7d93\u7406\u8eab\u8655\u4f01\u696d\u71df\u904b\u7b2c\u4e00\u7dda\uff0c\u5f80\u5f80\u80fd\u5728\u8a02\u55ae\u8b8a\u5316\u6216\u9700\u6c42\u8f49\u5411\u521d\u671f\u5c31\u5bdf\u89ba\u7570\u5e38\uff0c\u56e0\u6b64 PMI \u901a\u5e38\u6703\u65e9\u65bc GDP\u3001\u4f01\u696d\u8ca1\u5831\u751a\u81f3\u80a1\u50f9\u8868\u73fe\uff0c\u7387\u5148\u986f\u793a\u7d93\u6fdf\u53ef\u80fd\u9032\u5165\u64f4\u5f35\u6216\u6536\u7e2e\u968e\u6bb5\u3002\u9019\u4e5f\u662f\u70ba\u4f55 PMI \u88ab\u5ee3\u6cdb\u8996\u70ba\u5224\u65b7\u666f\u6c23\u5faa\u74b0\u8207\u5e02\u5834\u65b9\u5411\u7684\u91cd\u8981\u53c3\u8003\u6307\u6a19\u3002 \u6307\u6578\u7684\u7d44\u6210\u7d50\u69cb PMI\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.vtmarkets.com\/zh-ca\/discover\/47162\/\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2026-05-12T09:54:42+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2026-05-12T09:54:42+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"\u666f\u6c23\u69ae\u67af\u7684\u5148\u884c\u6307\u6a19\uff1a\u4e09\u5206\u9418\u770b\u61c2 PMI \u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\u662f\u4ec0\u9ebc\uff1f - VT Markets\" \/>\n\t\t<meta name=\"twitter:description\" content=\"\u7576\u4f60\u770b\u5230\u65b0\u805e\u6a19\u984c\u51fa\u73fe\u300c\u7f8e\u570b\u88fd\u9020\u696d PMI \u8dcc\u7834\u69ae\u67af\u7dda\u300d\u6216\u300c\u5167\u5730\u5b98\u65b9 PMI \u5275\u534a\u5e74\u65b0\u9ad8\u300d\u6642\uff0c\u9019\u4e9b\u6578\u64da\u7a76\u7adf\u8207\u7f8e\u80a1\u3001\u6e2f\u80a1\uff0c\u751a\u81f3\u6574\u9ad4\u7d93\u6fdf\u8d70\u52e2\u6709\u4ec0\u9ebc\u95dc\u806f\uff1f PMI\uff08\u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\uff09\u4e26\u975e\u55ae\u7d14\u7684\u7d93\u6fdf\u6578\u5b57\uff0c\u800c\u662f\u4e00\u9805\u80fd\u5728\u80a1\u50f9\u8207 GDP \u7b49\u5b98\u65b9\u7d71\u8a08\u6578\u64da\u53cd\u6620\u4e4b\u524d\uff0c\u5c31\u63d0\u524d\u63ed\u793a\u666f\u6c23\u64f4\u5f35\u6216\u6536\u7e2e\u65b9\u5411\u7684\u9818\u5148\u7d93\u6fdf\u6307\u6a19\u3002\u900f\u904e\u7cfb\u7d71\u6027\u5730\u89e3\u6790 PMI \u6307\u6578\u7684\u7d44\u6210\u8207\u8b8a\u5316\uff0c\u6295\u8cc7\u8005\u5f80\u5f80\u80fd\u66f4\u65e9\u638c\u63e1\u5e02\u5834\u60c5\u7dd2\u8207\u7522\u696d\u52d5\u80fd\uff0c\u70ba\u5f8c\u7e8c\u7684\u6295\u8cc7\u6c7a\u7b56\u63d0\u4f9b\u95dc\u9375\u53c3\u8003\u3002\u672c\u6587\u5c07\u5e36\u4f60\u6df1\u5165\u6dfa\u51fa\u5730\u62c6\u89e3 PMI \u662f\u4ec0\u9ebc\uff0c\u4ee5\u53ca\u6295\u8cc7\u4eba\u8a72\u5982\u4f55\u904b\u7528\u9019\u9805\u6307\u6a19\uff0c\u5728\u5e02\u5834\u4e2d\u5efa\u7acb\u66f4\u5177\u524d\u77bb\u6027\u7684\u5224\u65b7\u3002 \u91cd\u9ede\u6574\u7406 PMI\uff08\u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\uff09\u662f\u4e00\u9805\u9818\u5148\u7d93\u6fdf\u6307\u6a19\uff0c\u80fd\u5728 GDP\u3001\u8ca1\u5831\u8207\u80a1\u50f9\u5168\u9762\u53cd\u6620\u4e4b\u524d\uff0c\u63d0\u524d\u63ed\u793a\u666f\u6c23\u64f4\u5f35\u6216\u6536\u7e2e\u7684\u65b9\u5411\u3002 50 \u70ba PMI \u7684\u69ae\u67af\u7dda\uff1a\u9ad8\u65bc 50 \u4ee3\u8868\u7d93\u6fdf\u6d3b\u52d5\u64f4\u5f35\uff0c\u4f4e\u65bc 50 \u5247\u4ee3\u8868\u6536\u7e2e\uff0c\u4f46\u5be6\u52d9\u5224\u8b80\u61c9\u642d\u914d\u8da8\u52e2\u8b8a\u5316\uff0c\u800c\u975e\u53ea\u770b\u55ae\u4e00\u6578\u503c\u3002 PMI \u7684\u8da8\u52e2\u6bd4\u55ae\u6708\u6578\u5b57\u66f4\u91cd\u8981\u3002\u9023\u7e8c\u4e0a\u5347\u6216\u4e0b\u6ed1\uff0c\u5f80\u5f80\u6bd4\u300c\u662f\u5426\u7ad9\u4e0a 50\u300d\u66f4\u80fd\u9810\u793a\u7d93\u6fdf\u9031\u671f\u8f49\u6298\u3002 \u65b0\u8a02\u55ae\u8207\u5eab\u5b58\u7684\u8b8a\u5316\uff0c\u662f\u89e3\u8b80 PMI \u7684\u6838\u5fc3\u7dda\u7d22\u3002\u65b0\u8a02\u55ae\u589e\u52a0\u3001\u5eab\u5b58\u4e0b\u964d\u901a\u5e38\u4ee3\u8868\u9700\u6c42\u6539\u5584\uff0c\u53cd\u4e4b\u5247\u9700\u7559\u610f\u666f\u6c23\u653e\u7de9\u98a8\u96aa\u3002 \u88fd\u9020\u696d PMI \u8207\u670d\u52d9\u696d PMI \u53cd\u6620\u4e0d\u540c\u666f\u6c23\u9762\u5411\u3002\u9999\u6e2f\u6295\u8cc7\u8005\u9664\u95dc\u6ce8\u672c\u5730\u670d\u52d9\u696d PMI \u5916\uff0c\u4e5f\u61c9\u7559\u610f\u4e2d\u570b\u5b98\u65b9\u8207\u8ca1\u65b0 PMI \u5c0d\u6e2f\u80a1\u7684\u5f71\u97ff\u3002 PMI \u9069\u5408\u7528\u4f86\u5224\u65b7\u5e02\u5834\u65b9\u5411\u8207\u9810\u671f\uff0c\u800c GDP \u5247\u7528\u4f86\u9a57\u8b49\u7d50\u679c\uff0c\u5169\u8005\u642d\u914d\u4f7f\u7528\uff0c\u80fd\u5efa\u7acb\u66f4\u5b8c\u6574\u7684\u7e3d\u9ad4\u7d93\u6fdf\u5224\u65b7\u6846\u67b6\u3002 PMI \u662f\u4ec0\u9ebc\uff1f PMI\uff08Purchasing Managers&#039; Index\uff09\uff0c\u4e2d\u6587\u5168\u7a31\u70ba\u300c\u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\u300d\uff0c\u662f\u4e00\u9805\u7528\u4f86\u8861\u91cf\u6574\u9ad4\u7d93\u6fdf\u6d3b\u52d5\u8d70\u52e2\u7684\u9818\u5148\u7d93\u6fdf\u6307\u6a19\u3002\u8a72\u6307\u6578\u4e3b\u8981\u900f\u904e\u5b9a\u671f\u8abf\u67e5\u4f01\u696d\u63a1\u8cfc\u7d93\u7406\uff0c\u5f59\u6574\u5176\u5c0d\u65b0\u8a02\u55ae\u3001\u751f\u7522\u72c0\u6cc1\u3001\u4eba\u529b\u50f1\u7528\u8207\u5eab\u5b58\u8b8a\u5316\u7b49\u71df\u904b\u9762\u5411\u7684\u5be6\u969b\u611f\u53d7\u8207\u9810\u671f\uff0c\u85c9\u6b64\u63d0\u524d\u53cd\u6620\u7522\u696d\u666f\u6c23\u7684\u51b7\u71b1\u8b8a\u5316\u3002 \u7531\u65bc\u63a1\u8cfc\u7d93\u7406\u8eab\u8655\u4f01\u696d\u71df\u904b\u7b2c\u4e00\u7dda\uff0c\u5f80\u5f80\u80fd\u5728\u8a02\u55ae\u8b8a\u5316\u6216\u9700\u6c42\u8f49\u5411\u521d\u671f\u5c31\u5bdf\u89ba\u7570\u5e38\uff0c\u56e0\u6b64 PMI \u901a\u5e38\u6703\u65e9\u65bc GDP\u3001\u4f01\u696d\u8ca1\u5831\u751a\u81f3\u80a1\u50f9\u8868\u73fe\uff0c\u7387\u5148\u986f\u793a\u7d93\u6fdf\u53ef\u80fd\u9032\u5165\u64f4\u5f35\u6216\u6536\u7e2e\u968e\u6bb5\u3002\u9019\u4e5f\u662f\u70ba\u4f55 PMI \u88ab\u5ee3\u6cdb\u8996\u70ba\u5224\u65b7\u666f\u6c23\u5faa\u74b0\u8207\u5e02\u5834\u65b9\u5411\u7684\u91cd\u8981\u53c3\u8003\u6307\u6a19\u3002 \u6307\u6578\u7684\u7d44\u6210\u7d50\u69cb PMI\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BlogPosting\",\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/zh-ca\\\/discover\\\/47162\\\/#blogposting\",\"name\":\"\\u666f\\u6c23\\u69ae\\u67af\\u7684\\u5148\\u884c\\u6307\\u6a19\\uff1a\\u4e09\\u5206\\u9418\\u770b\\u61c2 PMI \\u63a1\\u8cfc\\u7d93\\u7406\\u4eba\\u6307\\u6578\\u662f\\u4ec0\\u9ebc\\uff1f - VT Markets\",\"headline\":\"\\u666f\\u6c23\\u69ae\\u67af\\u7684\\u5148\\u884c\\u6307\\u6a19\\uff1a\\u4e09\\u5206\\u9418\\u770b\\u61c2 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\u7684\u6838\u5fc3\u7dda\u7d22\u3002\u65b0\u8a02\u55ae\u589e\u52a0\u3001\u5eab\u5b58\u4e0b\u964d\u901a\u5e38\u4ee3\u8868\u9700\u6c42\u6539\u5584\uff0c\u53cd\u4e4b\u5247\u9700\u7559\u610f\u666f\u6c23\u653e\u7de9\u98a8\u96aa\u3002 \u88fd\u9020\u696d PMI \u8207\u670d\u52d9\u696d PMI \u53cd\u6620\u4e0d\u540c\u666f\u6c23\u9762\u5411\u3002\u9999\u6e2f\u6295\u8cc7\u8005\u9664\u95dc\u6ce8\u672c\u5730\u670d\u52d9\u696d PMI \u5916\uff0c\u4e5f\u61c9\u7559\u610f\u4e2d\u570b\u5b98\u65b9\u8207\u8ca1\u65b0 PMI \u5c0d\u6e2f\u80a1\u7684\u5f71\u97ff\u3002 PMI \u9069\u5408\u7528\u4f86\u5224\u65b7\u5e02\u5834\u65b9\u5411\u8207\u9810\u671f\uff0c\u800c GDP \u5247\u7528\u4f86\u9a57\u8b49\u7d50\u679c\uff0c\u5169\u8005\u642d\u914d\u4f7f\u7528\uff0c\u80fd\u5efa\u7acb\u66f4\u5b8c\u6574\u7684\u7e3d\u9ad4\u7d93\u6fdf\u5224\u65b7\u6846\u67b6\u3002 PMI \u662f\u4ec0\u9ebc\uff1f PMI\uff08Purchasing Managers' Index\uff09\uff0c\u4e2d\u6587\u5168\u7a31\u70ba\u300c\u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\u300d\uff0c\u662f\u4e00\u9805\u7528\u4f86\u8861\u91cf\u6574\u9ad4\u7d93\u6fdf\u6d3b\u52d5\u8d70\u52e2\u7684\u9818\u5148\u7d93\u6fdf\u6307\u6a19\u3002\u8a72\u6307\u6578\u4e3b\u8981\u900f\u904e\u5b9a\u671f\u8abf\u67e5\u4f01\u696d\u63a1\u8cfc\u7d93\u7406\uff0c\u5f59\u6574\u5176\u5c0d\u65b0\u8a02\u55ae\u3001\u751f\u7522\u72c0\u6cc1\u3001\u4eba\u529b\u50f1\u7528\u8207\u5eab\u5b58\u8b8a\u5316\u7b49\u71df\u904b\u9762\u5411\u7684\u5be6\u969b\u611f\u53d7\u8207\u9810\u671f\uff0c\u85c9\u6b64\u63d0\u524d\u53cd\u6620\u7522\u696d\u666f\u6c23\u7684\u51b7\u71b1\u8b8a\u5316\u3002 \u7531\u65bc\u63a1\u8cfc\u7d93\u7406\u8eab\u8655\u4f01\u696d\u71df\u904b\u7b2c\u4e00\u7dda\uff0c\u5f80\u5f80\u80fd\u5728\u8a02\u55ae\u8b8a\u5316\u6216\u9700\u6c42\u8f49\u5411\u521d\u671f\u5c31\u5bdf\u89ba\u7570\u5e38\uff0c\u56e0\u6b64 PMI \u901a\u5e38\u6703\u65e9\u65bc GDP\u3001\u4f01\u696d\u8ca1\u5831\u751a\u81f3\u80a1\u50f9\u8868\u73fe\uff0c\u7387\u5148\u986f\u793a\u7d93\u6fdf\u53ef\u80fd\u9032\u5165\u64f4\u5f35\u6216\u6536\u7e2e\u968e\u6bb5\u3002\u9019\u4e5f\u662f\u70ba\u4f55 PMI \u88ab\u5ee3\u6cdb\u8996\u70ba\u5224\u65b7\u666f\u6c23\u5faa\u74b0\u8207\u5e02\u5834\u65b9\u5411\u7684\u91cd\u8981\u53c3\u8003\u6307\u6a19\u3002 \u6307\u6578\u7684\u7d44\u6210\u7d50\u69cb PMI","og:url":"https:\/\/www.vtmarkets.com\/zh-ca\/discover\/47162\/","article:published_time":"2026-05-12T09:54:42+00:00","article:modified_time":"2026-05-12T09:54:42+00:00","twitter:card":"summary_large_image","twitter:title":"\u666f\u6c23\u69ae\u67af\u7684\u5148\u884c\u6307\u6a19\uff1a\u4e09\u5206\u9418\u770b\u61c2 PMI \u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\u662f\u4ec0\u9ebc\uff1f - VT Markets","twitter:description":"\u7576\u4f60\u770b\u5230\u65b0\u805e\u6a19\u984c\u51fa\u73fe\u300c\u7f8e\u570b\u88fd\u9020\u696d PMI 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50 \u5247\u4ee3\u8868\u6536\u7e2e\uff0c\u4f46\u5be6\u52d9\u5224\u8b80\u61c9\u642d\u914d\u8da8\u52e2\u8b8a\u5316\uff0c\u800c\u975e\u53ea\u770b\u55ae\u4e00\u6578\u503c\u3002 PMI \u7684\u8da8\u52e2\u6bd4\u55ae\u6708\u6578\u5b57\u66f4\u91cd\u8981\u3002\u9023\u7e8c\u4e0a\u5347\u6216\u4e0b\u6ed1\uff0c\u5f80\u5f80\u6bd4\u300c\u662f\u5426\u7ad9\u4e0a 50\u300d\u66f4\u80fd\u9810\u793a\u7d93\u6fdf\u9031\u671f\u8f49\u6298\u3002 \u65b0\u8a02\u55ae\u8207\u5eab\u5b58\u7684\u8b8a\u5316\uff0c\u662f\u89e3\u8b80 PMI \u7684\u6838\u5fc3\u7dda\u7d22\u3002\u65b0\u8a02\u55ae\u589e\u52a0\u3001\u5eab\u5b58\u4e0b\u964d\u901a\u5e38\u4ee3\u8868\u9700\u6c42\u6539\u5584\uff0c\u53cd\u4e4b\u5247\u9700\u7559\u610f\u666f\u6c23\u653e\u7de9\u98a8\u96aa\u3002 \u88fd\u9020\u696d PMI \u8207\u670d\u52d9\u696d PMI \u53cd\u6620\u4e0d\u540c\u666f\u6c23\u9762\u5411\u3002\u9999\u6e2f\u6295\u8cc7\u8005\u9664\u95dc\u6ce8\u672c\u5730\u670d\u52d9\u696d PMI \u5916\uff0c\u4e5f\u61c9\u7559\u610f\u4e2d\u570b\u5b98\u65b9\u8207\u8ca1\u65b0 PMI \u5c0d\u6e2f\u80a1\u7684\u5f71\u97ff\u3002 PMI \u9069\u5408\u7528\u4f86\u5224\u65b7\u5e02\u5834\u65b9\u5411\u8207\u9810\u671f\uff0c\u800c GDP \u5247\u7528\u4f86\u9a57\u8b49\u7d50\u679c\uff0c\u5169\u8005\u642d\u914d\u4f7f\u7528\uff0c\u80fd\u5efa\u7acb\u66f4\u5b8c\u6574\u7684\u7e3d\u9ad4\u7d93\u6fdf\u5224\u65b7\u6846\u67b6\u3002 PMI \u662f\u4ec0\u9ebc\uff1f PMI\uff08Purchasing Managers' 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GDP\u3001\u4f01\u696d\u8ca1\u5831\u751a\u81f3\u80a1\u50f9\u8868\u73fe\uff0c\u7387\u5148\u986f\u793a\u7d93\u6fdf\u53ef\u80fd\u9032\u5165\u64f4\u5f35\u6216\u6536\u7e2e\u968e\u6bb5\u3002\u9019\u4e5f\u662f\u70ba\u4f55 PMI \u88ab\u5ee3\u6cdb\u8996\u70ba\u5224\u65b7\u666f\u6c23\u5faa\u74b0\u8207\u5e02\u5834\u65b9\u5411\u7684\u91cd\u8981\u53c3\u8003\u6307\u6a19\u3002 \u6307\u6578\u7684\u7d44\u6210\u7d50\u69cb PMI"},"aioseo_meta_data":{"post_id":"47162","title":null,"description":null,"keywords":null,"keyphrases":null,"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":null,"og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":null,"robots_max_videopreview":null,"robots_max_imagepreview":"large","priority":null,"frequency":null,"local_seo":null,"seo_analyzer_scan_date":"2026-07-07 17:08:26","breadcrumb_settings":null,"limit_modified_date":false,"open_ai":null,"ai":null,"created":"2026-05-15 00:02:53","updated":"2026-07-07 17:08:26"},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/www.vtmarkets.com\/zh-ca\" title=\"Home\">Home<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/www.vtmarkets.com\/zh-ca\/category\/discover\/\" title=\"Discover\">Discover<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\u666f\u6c23\u69ae\u67af\u7684\u5148\u884c\u6307\u6a19\uff1a\u4e09\u5206\u9418\u770b\u61c2 PMI 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