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2025年歐元區宏觀經濟預測表（BloombergECFC）-行業數據

2025年歐元區宏觀經濟預測表（BloombergECFC）
2025年歐元區宏觀經濟預測表（BloombergECFC）
總體而言，2025 年，歐元區經濟預計將逐步回暖，但未來如果地緣沖突和逆全球化進程加劇，疊加歐元區國家受財政紀律限制以及債務危機，對歐元區的經濟前景仍是巨大的挑戰。
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第1頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第2頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第3頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第4頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第5頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第6頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第7頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第8頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第9頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第10頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第11頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第12頁
<p>隨著時代的發展，數字化發展在逐漸上升。其中我們迎來的數字化工廠，下面是我們對數字化工廠與傳統工廠，五大核心系統的詳細介紹。<br/></p><p><strong>1、什么是數字化工廠</strong></p><p>數字化工廠是指以產品全生命周期的相關數據為基礎，在計算機虛擬環境中。對整個生產過程進行仿真、評估和優化，并進一步擴展到整個產品生命周期的新型生產組織方式。同時也是現代數字制造技術與計算機仿真技術相結合的產物，同時具有其鮮明的特征。它的出現給基礎制造業注入了新的活力，主要作為溝通產品設計和產品制造之間的橋梁。不過，數字化工廠也不等于全自動化。數字化工廠的價值，并不是完全用自動化設備取代人，而是用來幫助人。除此之外，數字化工廠另一個重要價值是提高效率。當前中國制造企業更多地是考慮如何控制成本、提高效率。通過效率的提高，可以在人工成本不增加的同時增加產能。</p><p style="text-align: center"><img src="http://www.ccyxbj.cn/FileUpload/ueditor_s/upload/2021-5/17/6375684809499537429530235.png" title="數字化工廠" alt="數字化工廠"/></p><p><strong>2、數字化工廠與傳統工廠的區別</strong></p><p>(1)、 傳統工廠：人工統計，效率低且不準確</p><p>在中國很多傳統的中小型工廠中，對于設備生產數據的采集，幾乎完全依靠人工完成。流動的人員、散落的數據，導致數據的保存成了一個巨大的問題，同時人工統計的效率也非常的低，往往都是每天下班或者每周進行一次統計，完全不能進行實時生產數據更新。除此之外，數據對于設備而言有著時效性和歷史數據參考性的關鍵作用，從底層操作工的數據記錄-數據分析-數據反饋-管理者的決策，中間的環節讓數據的時效性大大降低。同時人工的記錄統計也會造成數據不準確等問題，而且龐大的數據計算分析，對于人力是一個非常大的耗損。其次，歷史數據對于設備的維護具有參考性的意義，但是傳統工廠的數據，靠著一張張的記錄紙或者大量的Excel表無疑是給未來的工作又增添了難度，而且工廠不能控制人員的流動，每一次的交接都可能導致數據的流失。</p><p>(2)、 數字化工廠：設備聯網，數據自動上傳反饋</p><p>在數字化工廠中，物聯網的概念就被運用到每一臺設備上，設備與設備之間，早也不是信息孤島，而是將人、設備，通過數據建立緊密聯系。一個工廠管理者可以在手機或者PC終端觀測到每一臺設備的實時數據，而且可以隨時收到設備的狀態提醒。例如你在設備寶上設置了：軸承的溫度超過80度，提醒溫度過高。當設備高于80攝氏度時，就會立即收到提醒，實現了收集、分析、反饋的同步進行，大大縮短了時間，提高了決策的效率。除了收集、計算、反饋等“去工人化”的功能，設備聯網之后。還有一大好處就是數據的存儲。大量歷史數據，包括設備損失數據，也給后期工廠設備的很多操作都提供了參考意義。之后，再遇到工廠的人員流動，這些數據依然可以隨時調用并完善保存。</p><p>(3)、 傳統工廠：設備意外停機頻發，造成大量損失</p><p>除了數據的管理問題，傳統工廠還有一大痛點，那就是經常遭遇意外停機。意外停機不僅造成了生產的停滯，而且對于設備造成的隱性破壞不可估量，一家半導體工廠就能因為停機2小時，損失了1000000美元，損失是意外停機最可怕的后果。為了預防設備的意外停機，工廠通常安排了24小時的輪班工人巡檢，造成了工廠人力耗損嚴重。每時每刻的巡檢也并不能全面檢測到可能導致設備意外停機的各種因素，傳統工廠通過手摸、耳聽等最原始的方式。這樣的檢查方式使得很多設備的小毛病很容易就被忽略，恰巧就是那些小毛病引起了損失超過百萬的損失。由于害怕意外停機帶來的嚴重損失，很多工廠也會購買大量的備用零部件，以防止意外停機的維修需要，而現實情況又是一些設備的意外停機故障周期很長，導致大量的備用零部件并沒有派上用場，造成成本浪費。</p><p>(4)、 數字化工廠：設備意外停機預警通知，讓設備時刻保持最佳運行狀態</p><p>數字化工廠的運轉過程中，設備的一切都被隨時監控反饋，而意外停機發生之前，設備的某些參數會發生變化，此時設備寶就能在參數發生變化時及時進行預警通知。讓設備故障在發生之前被發現及運維，也就是說，在故障發生之前，手機上就能收到相應的提醒，立即作出決定，從而保證工廠設備時刻處于最佳運行狀態。即使是故障已經發生了，也能在過去的設備故障統計里立即找到合適的解決方案，把損失降到最低。這也就是數字化工廠實現的重要一步，讓預知未來成為智能工廠的一部分。</p><p><strong>3、數字化工廠的五大核心系統</strong></p><p>(1)、PLM：對企業知識型資產的管理，實現對產品的數據管理、項目管理、變更管理、協同管理、標準化管理、安全管理等，為制造企業提供了一個可伸縮的研發管理平臺。PLM與ERP集成：PLM將PBOM和工藝路線傳給ERP，ERP根據零件的標準成本、建議成本、現行成本基礎數據，結合加工中心和成本中心，自動生成CBON。PLM與MOM集成：PLM將MBOM、SOP傳給MOM，指導MOM生產管理。當產品發生設計變更，會將變更數據實時同步到ERP、MOM系統。</p><p>(2)、ERP：將企業的三大流：物流，資金流，信息流進行全面一體化管理。特別提一下，ERP不要過多管理制造端，只需以報工方式，保存制造端的生產結果，用于財務成本核算。與MOM集成：將生產基礎數據(物料、銷售訂單)傳給MOM。APS將分解后的制造工單回傳給ERP，MES將生產數量、物料消耗數量，按照一定周期回傳給ERP。與WMS集成：實時同步物料基礎數據、倉庫基礎數據、庫存數量。</p><p>(3)、WMS：通過入庫業務、出庫業務、倉庫調撥、庫存調撥和虛倉管理等功能，對批次管理、物料對應、庫存盤點、質檢管理、虛倉管理和即時庫存管理等功能綜合運用的管理系統，有效控制并跟蹤倉庫業務的物流和成本管理全過程。與ERP集成：如果需要提供一整套的倉庫解決方案的話，ERP系統依然存在一些缺陷的，我們也了解到WMS系統可以彌補ERP系統的一些缺陷。因此，如果你想擁有一個強大的倉庫管理解決方案，那么可以將ERP系統與WMS系統兩者結合起來使用。與MOM集成：當車間MES接料時，WMS實時將物料批次信息傳給MES，綁定接料工位。當成品入庫時，MES實時將物料批次信息傳給WMS，綁定倉庫和儲位。</p><p>(4)、DCS：SCADA+PLC的生產現場控制系統。</p><p>與MOM集成：MES將工單下達到機臺設備，對設備、模具、刀具、人員防錯，指導設備生產。DCS將設備狀態、工藝參數數據(溫度、壓力、扭矩)回傳給MES，與生產工單關聯，用于生產追溯。</p><p>總體來說，隨著數字化的增長，數字化工廠不斷演變，不僅加快了產業的出貨情況，同時也避免了許多事件的發生。</p><p>在本站中有很多關于數字化的相關報告，想要了解更多報告內容，敬請關注<a href="http://www.ccyxbj.cn/" target="_blank">三個皮匠報告</a>網站。</p><p>文本由@栗栗-皆辛苦 整理發布于三個皮匠報告網站，未經授權禁止轉載。</p><p>推薦閱讀</p>&
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第22頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第23頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第24頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第25頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第26頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第27頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第28頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第29頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第30頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第31頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第32頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第33頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第34頁
fCDlubTku70gfCBOQkVS6KGw6YCA5Yy66Ze0IHwgQmxvb21iZXJn6aKE5rWL5Lit5YC8IHwgMTBZLTNNTW9kZWwgfCBTYWhtUnVsZSjlj7MpIHwKfCAtLS0gfCAtLS0gfCAtLS0gfCAtLS0gfCAtLS0gfAp8IDIwMDXlubQgfCAtIHwgLSB8IC0gfCAtIHwKfCAuLi4gfCAuLi4gfCAuLi4gfCAuLi4gfCAuLi4gfAp8IDIwMjTlubQgfCAtIHwgLSB8IC0gfCAtIHwKCui1hOaWmeadpea6kO+8mkJsb29tYmVyZywg5b636YKm56CU56m25omA
2025年歐元區宏觀經濟預測表（BloombergECFC）_第35頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第36頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第37頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第38頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第39頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第40頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第41頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第42頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第43頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第44頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第45頁
<p style="margin-top: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; white-space: normal; font-family: &quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; text-align: left; margin-bottom: 20px; line-height: 1.75em; box-sizing: border-box !important; overflow-wrap: break-word !important; word-break: break-all !important;">中小微企業具有存活時間短、抗風險能力差、融資需求小頻快、信息不透明等天然問題，從而導致小微企業不良貸款率遠高于大型企業，因此中小微企業長期面臨融資難、融資貴的問題。</p><p style="margin-top: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; white-space: normal; font-family: &quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; text-align: left; margin-bottom: 20px; line-height: 1.75em; box-sizing: border-box !important; overflow-wrap: break-word !important; word-break: break-all !important;">在國家扶持下，中小微企業貸款總額呈上升趨勢，從2015-2019年上升了57.3%，但根據中國銀保監會數據顯示，2019年以實體經濟貸款為主的非金融企業關團體貸款98.8億萬元，其中小微企業2019年貸款余額為36.9億萬元，占比只有37.3%。<span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; word-break: break-all !important;">然而中小微企業數量占比高達97%以上，因此中小微企業融資市場空間依然巨大。</span></p><p style="text-align: center"><img src="http://www.ccyxbj.cn/FileUpload/ueditor_s/upload/2021-3/1/6375021286161284859384337.png" title="1.1.png"/></p><p style="margin-top: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; white-space: normal; font-family: &quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; text-align: left; margin-bottom: 20px; box-sizing: border-box !important; overflow-wrap: break-word !important; word-break: break-all !important;"><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; word-break: break-all !important;"></span><br/></p><p style="margin-top: 0px; margin-bottom: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; white-space: normal; font-family: &quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important; word-break: break-all !important;"><span style="color: rgba(0, 0, 0, 0.8); font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, STHeiti, &quot;WenQuanYi Micro Hei&quot;, Helvetica, Arial, sans-serif; background-color: rgb(255, 255, 255);">文本由@栗栗-皆辛苦 原創發布于三個皮匠報告網站，未經授權禁止轉載。</span><br data-filtered="filtered" style="color: rgba(0, 0, 0, 0.8); font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Micr
2025年歐元區宏觀經濟預測表（BloombergECFC）_第46頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第47頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第48頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第49頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第50頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第51頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第52頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第53頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第54頁
<p>隨著時代的發展，數字化發展在逐漸上升。其中我們迎來的數字化工廠，下面是我們對數字化工廠與傳統工廠，五大核心系統的詳細介紹。<br/></p><p><strong>1、什么是數字化工廠</strong></p><p>數字化工廠是指以產品全生命周期的相關數據為基礎，在計算機虛擬環境中。對整個生產過程進行仿真、評估和優化，并進一步擴展到整個產品生命周期的新型生產組織方式。同時也是現代數字制造技術與計算機仿真技術相結合的產物，同時具有其鮮明的特征。它的出現給基礎制造業注入了新的活力，主要作為溝通產品設計和產品制造之間的橋梁。不過，數字化工廠也不等于全自動化。數字化工廠的價值，并不是完全用自動化設備取代人，而是用來幫助人。除此之外，數字化工廠另一個重要價值是提高效率。當前中國制造企業更多地是考慮如何控制成本、提高效率。通過效率的提高，可以在人工成本不增加的同時增加產能。</p><p style="text-align: center"><img src="http://www.ccyxbj.cn/FileUpload/ueditor_s/upload/2021-5/17/6375684809499537429530235.png" title="數字化工廠" alt="數字化工廠"/></p><p><strong>2、數字化工廠與傳統工廠的區別</strong></p><p>(1)、 傳統工廠：人工統計，效率低且不準確</p><p>在中國很多傳統的中小型工廠中，對于設備生產數據的采集，幾乎完全依靠人工完成。流動的人員、散落的數據，導致數據的保存成了一個巨大的問題，同時人工統計的效率也非常的低，往往都是每天下班或者每周進行一次統計，完全不能進行實時生產數據更新。除此之外，數據對于設備而言有著時效性和歷史數據參考性的關鍵作用，從底層操作工的數據記錄-數據分析-數據反饋-管理者的決策，中間的環節讓數據的時效性大大降低。同時人工的記錄統計也會造成數據不準確等問題，而且龐大的數據計算分析，對于人力是一個非常大的耗損。其次，歷史數據對于設備的維護具有參考性的意義，但是傳統工廠的數據，靠著一張張的記錄紙或者大量的Excel表無疑是給未來的工作又增添了難度，而且工廠不能控制人員的流動，每一次的交接都可能導致數據的流失。</p><p>(2)、 數字化工廠：設備聯網，數據自動上傳反饋</p><p>在數字化工廠中，物聯網的概念就被運用到每一臺設備上，設備與設備之間，早也不是信息孤島，而是將人、設備，通過數據建立緊密聯系。一個工廠管理者可以在手機或者PC終端觀測到每一臺設備的實時數據，而且可以隨時收到設備的狀態提醒。例如你在設備寶上設置了：軸承的溫度超過80度，提醒溫度過高。當設備高于80攝氏度時，就會立即收到提醒，實現了收集、分析、反饋的同步進行，大大縮短了時間，提高了決策的效率。除了收集、計算、反饋等“去工人化”的功能，設備聯網之后。還有一大好處就是數據的存儲。大量歷史數據，包括設備損失數據，也給后期工廠設備的很多操作都提供了參考意義。之后，再遇到工廠的人員流動，這些數據依然可以隨時調用并完善保存。</p><p>(3)、 傳統工廠：設備意外停機頻發，造成大量損失</p><p>除了數據的管理問題，傳統工廠還有一大痛點，那就是經常遭遇意外停機。意外停機不僅造成了生產的停滯，而且對于設備造成的隱性破壞不可估量，一家半導體工廠就能因為停機2小時，損失了1000000美元，損失是意外停機最可怕的后果。為了預防設備的意外停機，工廠通常安排了24小時的輪班工人巡檢，造成了工廠人力耗損嚴重。每時每刻的巡檢也并不能全面檢測到可能導致設備意外停機的各種因素，傳統工廠通過手摸、耳聽等最原始的方式。這樣的檢查方式使得很多設備的小毛病很容易就被忽略，恰巧就是那些小毛病引起了損失超過百萬的損失。由于害怕意外停機帶來的嚴重損失，很多工廠也會購買大量的備用零部件，以防止意外停機的維修需要，而現實情況又是一些設備的意外停機故障周期很長，導致大量的備用零部件并沒有派上用場，造成成本浪費。</p><p>(4)、 數字化工廠：設備意外停機預警通知，讓設備時刻保持最佳運行狀態</p><p>數字化工廠的運轉過程中，設備的一切都被隨時監控反饋，而意外停機發生之前，設備的某些參數會發生變化，此時設備寶就能在參數發生變化時及時進行預警通知。讓設備故障在發生之前被發現及運維，也就是說，在故障發生之前，手機上就能收到相應的提醒，立即作出決定，從而保證工廠設備時刻處于最佳運行狀態。即使是故障已經發生了，也能在過去的設備故障統計里立即找到合適的解決方案，把損失降到最低。這也就是數字化工廠實現的重要一步，讓預知未來成為智能工廠的一部分。</p><p><strong>3、數字化工廠的五大核心系統</strong></p><p>(1)、PLM：對企業知識型資產的管理，實現對產品的數據管理、項目管理、變更管理、協同管理、標準化管理、安全管理等，為制造企業提供了一個可伸縮的研發管理平臺。PLM與ERP集成：PLM將PBOM和工藝路線傳給ERP，ERP根據零件的標準成本、建議成本、現行成本基礎數據，結合加工中心和成本中心，自動生成CBON。PLM與MOM集成：PLM將MBOM、SOP傳給MOM，指導MOM生產管理。當產品發生設計變更，會將變更數據實時同步到ERP、MOM系統。</p><p>(2)、ERP：將企業的三大流：物流，資金流，信息流進行全面一體化管理。特別提一下，ERP不要過多管理制造端，只需以報工方式，保存制造端的生產結果，用于財務成本核算。與MOM集成：將生產基礎數據(物料、銷售訂單)傳給MOM。APS將分解后的制造工單回傳給ERP，MES將生產數量、物料消耗數量，按照一定周期回傳給ERP。與WMS集成：實時同步物料基礎數據、倉庫基礎數據、庫存數量。</p><p>(3)、WMS：通過入庫業務、出庫業務、倉庫調撥、庫存調撥和虛倉管理等功能，對批次管理、物料對應、庫存盤點、質檢管理、虛倉管理和即時庫存管理等功能綜合運用的管理系統，有效控制并跟蹤倉庫業務的物流和成本管理全過程。與ERP集成：如果需要提供一整套的倉庫解決方案的話，ERP系統依然存在一些缺陷的，我們也了解到WMS系統可以彌補ERP系統的一些缺陷。因此，如果你想擁有一個強大的倉庫管理解決方案，那么可以將ERP系統與WMS系統兩者結合起來使用。與MOM集成：當車間MES接料時，WMS實時將物料批次信息傳給MES，綁定接料工位。當成品入庫時，MES實時將物料批次信息傳給WMS，綁定倉庫和儲位。</p><p>(4)、DCS：SCADA+PLC的生產現場控制系統。</p><p>與MOM集成：MES將工單下達到機臺設備，對設備、模具、刀具、人員防錯，指導設備生產。DCS將設備狀態、工藝參數數據(溫度、壓力、扭矩)回傳給MES，與生產工單關聯，用于生產追溯。</p><p>總體來說，隨著數字化的增長，數字化工廠不斷演變，不僅加快了產業的出貨情況，同時也避免了許多事件的發生。</p><p>在本站中有很多關于數字化的相關報告，想要了解更多報告內容，敬請關注<a href="http://www.ccyxbj.cn/" target="_blank">三個皮匠報告</a>網站。</p><p>文本由@栗栗-皆辛苦 整理發布于三個皮匠報告網站，未經授權禁止轉載。</p><p>推薦閱讀</p><p><a href="http://www.ccyxbj.cn/baogao/36439.html" target="_blank">頭豹研究院：2021年淺析數字化工廠五大核心系統(38頁).pdf</a></p><p><a href="http://www.ccyxbj.cn/baogao/31612.html" target="_blank"
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第57頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第58頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第59頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第60頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第61頁
fCDlubTku70gfCDlrp7pmYXlupPlrZjlop7pgJ8gfCDliLbpgKDllYYgfCDmibnlj5HllYYgfCDpm7bllK7llYYgfAp8LS0tLS0tfC0tLS0tLS0tLS0tLS0tfC0tLS0tLS0tfC0tLS0tLS0tfC0tLS0tLS0tfAp8IDE0LzAxIHwgLSAgICAgICAgICAgIHwgLSAgICAgIHwgLSAgICAgIHwgLSAgICAgIHwKfCAuLi4gICB8IC4uLiAgICAgICAgICB8IC4uLiAgICB8IC4uLiAgICB8IC4uLiAgICB8CnwgMjQvMDcgfCAtICAgICAgICAgICAgfCAtICAgICAgfCAtICAgICAgfCAtICAgICAgfAoK6LWE5paZ5p2l5rqQ77yaQkVBLCDlvrfpgqbnoJTnqbbmiYA=
2025年歐元區宏觀經濟預測表（BloombergECFC）_第62頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第63頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第64頁
fCAgICAgIHwgLTc1ICAgfCAtNzUgICB8IC0xNzEuMyB8IC0xODQuNCB8CnwtLS0tLS18LS0tLS0tLXwtLS0tLS0tfC0tLS0tLS0tfC0tLS0tLS0tfAp8IDE5ODQtMTk4NiB8ICAgICAgIHwgICAgICAgfCAgICAgICAgfCAgICAgICAgfAp8IDE5ODktMTk5MiB8ICAgICAgIHwgICAgICAgfCAgICAgICAgfCAgICAgICAgfAp8IDE5OTUtMTk5NiB8ICAgICAgIHwgICAgICAgfCAgICAgICAgfCAgICAgICAgfAp8IDE5OTggICAgIHwgICAgICAgfCAgICAgICB8ICAgICAgICB8ICAgICAgICB8CnwgMjAwMS0yMDAzIHwgICAgICAgfCAgICAgICB8ICAgICAgICB8ICAgICAgICB8CnwgMjAwNy0yMDA4IHwgICAgICAgfCAgICAgICB8ICAgICAgICB8ICAgICAgICB8CnwgMjAxOSAgICAgfCAgICAgICB8ICAgICAgIHwgICAgICAgIHwgICAgICAgIHwKfCAyMDIwICAgICB8ICAgICAgIHwgICAgICAgfCAgICAgICAgfCAgICAgICAgfAp8IDIwMjQvMDkgIHwgICAgICAgfCAgICAgICB8ICAgICAgICB8ICAgICAgICB8CgrotYTmlpnmnaXmupDvvJpCbG9vbWJlcmcsIOW+t+mCpueglOeptuaJgO+8m+aoqui9tOWNleS9jeS4uuaciA==
2025年歐元區宏觀經濟預測表（BloombergECFC）_第65頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第66頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第67頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第68頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第69頁
fCDml7bpl7QgICAgICAgfCBUcnVtcOaUr+aMgeeOhyB8IEhhcnJpc+aUr+aMgeeOhyB8CnwtLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS18CnwgMjAyNOW5tDbmnIggICB8IDQ1JSAgICAgICAgICB8IDQ3JSAgICAgICAgICB8CnwgMjAyNOW5tDfmnIggICB8IDQ2JSAgICAgICAgICB8IDQ4JSAgICAgICAgICB8CnwgMjAyNOW5tDjmnIggICB8IDQ0JSAgICAgICAgICB8IDQ5JSAgICAgICAgICB8CnwgMjAyNOW5tDnmnIggICB8IDQzJSAgICAgICAgICB8IDUwJSAgICAgICAgICB8CnwgMjAyNOW5tDEw5pyIMzHml6UgfCA0OC40JSAgICAgICAgfCA0OC4xJSAgICAgICAgfAoK6LWE5paZ5p2l5rqQ77yaUmVhbENsZWFyUG9saXRpY3MsIOW+t+mCpueglOeptuaJgO+8m+aIquiHsyAxMC8zMQ==
2025年歐元區宏觀經濟預測表（BloombergECFC）_第70頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第71頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第72頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第73頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第74頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第75頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第76頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第77頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第78頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第79頁
fCBGWSB8IENQSe+8iOmdnumjn+WTge+8iSB8CnwtLS0tfC0tLS0tLS0tLS0tLS0tLS18CnwgMjAxOSB8IC0wLjElICAgICAgICAgIHwKfCAyMDIwIHwgLTAuMiUgICAgICAgICAgfAp8IDIwMjEgfCAzLjQlICAgICAgICAgICB8CnwgMjAyMiB8IDMuNSUgICAgICAgICAgIHwKfCAyMDIzIHwgMy4zJSAgICAgICAgICAgfAp8IDIwMjQgfCAyLjglICAgICAgICAgICB8CnwgMjAyNSB8IDIuNiUgICAgICAgICAgIHwKfCAyMDI2IHwgMi43JSAgICAgICAgICAgfAoK6LWE5paZ5p2l5rqQ77yaQk9K77yM5b636YKm56CU56m25omA77yb5oyJ6LSi5bm0
2025年歐元區宏觀經濟預測表（BloombergECFC）_第80頁
fCDml7bpl7QgICAgICAgfCBUcnVtcCB8IEhhcnJpcyB8CnwtLS0tLS0tLS0tLS18LS0tLS0tLXwtLS0tLS0tLXwKfCBPY3QgMzEsMjAyNHwgNjEuMSUgfCAzNy42JSAgfAoK6LWE5paZ5p2l5rqQOiBSZWFsQ2xlYXJQb2xpdGljcywg5b636YKm56CU56m25omA
2025年歐元區宏觀經濟預測表（BloombergECFC）_第81頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第82頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第83頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第84頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第85頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第86頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第87頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第88頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第89頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第90頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第91頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第92頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第93頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第94頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第95頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第96頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第97頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第98頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第99頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第100頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第101頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第102頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第103頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第104頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第105頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第106頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第107頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第108頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第109頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第110頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第111頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第112頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第113頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第114頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第115頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第116頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第117頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第118頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第119頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第120頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第121頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第122頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第123頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第124頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第125頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第126頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第127頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第128頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第129頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第130頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第131頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第132頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第133頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第134頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第135頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第136頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第137頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第138頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第139頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第140頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第141頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第142頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第143頁
fCDlm73lrrYgICB8IOWPmOWMluexu+WeiyB8IOWPmOWMlueOhyB8CnwtLS0tLS0tLXwtLS0tLS0tLS0tfC0tLS0tLS0tfAp8IOS4reWbvSAgIHwg5YeP5bCRICAgICB8IC03LjQwJSB8Cnwg5rOw5Zu9ICAgfCDlop7liqAgICAgIHwgMC42MyUgIHwKfCDljbDluqYgICB8IOWinuWKoCAgICAgfCAwLjY1JSAgfAp8IOmfqeWbvSAgIHwg5aKe5YqgICAgICB8IDAuOTMlICB8Cnwg5Yqg5ou/5aSnIHwg5aKe5YqgICAgICB8IDEuMzMlICB8Cnwg6LaK5Y2XICAgfCDlop7liqAgICAgIHwgMS44OCUgIHwKfCDloqjopb/lk6UgfCDlop7liqAgICAgIHwgMi4wOSUgIHwKCui1hOaWmeadpea6kO+8mldpbmTvvIzlvrfpgqbnoJTnqbbmiYA=
2025年歐元區宏觀經濟預測表（BloombergECFC）_第144頁
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
2025年歐元區宏觀經濟預測表（BloombergECFC）_第145頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第146頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第147頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第148頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第149頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第150頁
2025年歐元區宏觀經濟預測表（BloombergECFC）_第151頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第152頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第153頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第154頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第155頁
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2025年歐元區宏觀經濟預測表（BloombergECFC）_第156頁
fCDpkojlr7npoobln58gfCDotKfluIHmlL/nrZbmk43kvZwgfCDotKfluIHmlL/nrZbnsbvlnosgfAp8IC0tLSB8IC0tLSB8IC0tLSB8Cnwg5aKe6ZW/5LiO5Lu35qC8IHwgMeW5tOacn0xQUumZjeaBrzM15LiqYnAgfCDpmY3mga8gfAp8IOWinumVv+S4juS7t+agvCB8IDXlubTku6XkuIpMUFLpmY3mga82MOS4qmJwIHwg6ZmN5oGvIHwKfCDlop7plb/kuI7ku7fmoLwgfCDpmY3lh4Yx5Liq55m+5YiG54K5IHwg6ZmN5YeGIHwKfCDmiL/lnLDkuqcgfCDlj5bmtojlhajlm73lsYLpnaLpppblpZfkvY/miL/lkozkuozlpZfkvY/miL/llYbkuJrmgKfkuKrkurrkvY/miL/otLfmrL7liKnnjofmlL/nrZbkuIvpmZAgfCDnuqbmnZ/mlL7mnb4gfAp8IOaIv+WcsOS6pyB8IOS4i+iwg+S4quS6uuS9j+aIv+WFrOenr+mHkei0t+asvuWIqeeOhyB8IOmZjeaBryB8Cnwg5oi/5Zyw5LqnIHwg6LCD5pW05Liq5Lq65L2P5oi/6LS35qy+5pyA5L2O6aaW5LuY5qy+5q+U5L6LIHwg57qm5p2f5pS+5p2+IHwKfCDmiL/lnLDkuqcgfCDpmY3kvY7lrZjph4/miL/otLfliKnnjoflubblrozlloTllYbkuJrmgKfkuKrkurrkvY/miL/otLfmrL7liKnnjoflrprku7fmnLrliLYgfCDpmY3mga8gfAp8IOaIv+WcsOS6pyB8IOWIm+iuvuS/nemanOaAp+S9j+aIv+WGjei0t+asviB8IOe7k+aehOaAp+W3peWFtyB8Cnwg5oi/5Zyw5LqnIHwg5bu26ZW/6YOo5YiG5oi/5Zyw5Lqn6YeR6J6N5pS/562W5pyf6ZmQIHwg57qm5p2f5pS+5p2+IHwKfCDnu5PmnoTkuI7ovazlnosgfCDliJvorr7np5HmioDliJvmlrDlkozmioDmnK/mlLnpgKDlho3otLfmrL4gfCDnu5PmnoTmgKflt6XlhbcgfAp8IOe7k+aehOS4jui9rOWeiyB8IOS4i+iwg+aUr+WGnOWGjei0t+asvuOAgeaUr+Wwj+WGjei0t+asvuOAgeWGjei0tOeOsOWIqeeOhzAuMjXkuKrnmb7liIbngrkgfCDpmY3mga8gfAp8IOe7k+aehOS4jui9rOWeiyB8IOW7tue7reWunuaWveaZruaDoOWFu+iAgeS4k+mhueWGjei0t+asviB8IOe7k+aehOaAp+W3peWFtyB8Cnwg6LWE5pys5biC5Zy6IHwg5Yib6K6+6K+B5Yi444CB5Z+66YeR44CB5L+d6Zmp5YWs5Y+45LqS5o2i5L6/5YipIHwg57uT5p6E5oCn5bel5YW3IHwKfCDotYTmnKzluILlnLogfCDliJvorr7ogqHnpajlm57otK3lop7mjIHlho3otLfmrL4gfCDnu5PmnoTmgKflt6XlhbcgfAoK6LWE5paZ5p2l5rqQ77ya5Lq65rCR6ZO26KGM77yM5b636YKm56CU56m25omA
2025年歐元區宏觀經濟預測表（BloombergECFC）_第157頁
所屬報告： 2025年經濟、政策及資產配置展望：見龍在田-241101（97頁）.pdf
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