Cable raw materials (copper) weekly report (5.3-5.6)

1.
China's official manufacturing PMI for April was 50.
1, higher than the 50 wilt line, but less than the expectation
of 50.
3.
In March, China's official manufacturing PMI was 50.
2
.
China's official non-manufacturing PMI for April was 53.
5 vs 53.
8
previously.
In April, China's non-manufacturing business activity index was 53.
5%, down 0.
3 percentage points slightly from the previous month, slightly higher than the same period last year, and continued to be in the expansion range, indicating that China's non-manufacturing industry continued to maintain a growth trend, but the growth rate slowed
down slightly.

2.
China's Caixin service industry PMI 51.
8 and composite PMI 50.
8
in April.
The data shows that the growth rate of business activities in the service industry has slowed down, and the growth rate of manufacturing output has been sluggish; Employment in the service sector increased slightly, the employment index briefly fell below 50 in March and then rose back to the expansion range, while manufacturing employment continued to contract; Inflationary pressures have generally risen
in both sectors.

3.
Data released by the American Institute for Supply Management (ISM) showed that the ISM manufacturing index in the United States was 50.
8 in April, less than the expected 51.
4, and the value in March was 51.
8
.
The latest data showed that the pace of manufacturing expansion in the United States slowed
in April compared with the previous month.
After the data was released, the US dollar rose and gold fell
.

4.
According to a report released by ADP, new jobs in the United States slowed sharply to 156,000 in April, falling short of expectations of 195,000 and hitting a three-year low
.
ADP employment data, which tracks monthly changes in non-farm and private employment, is usually released two days earlier than the US Department of Labor's non-farm payrolls report, and is an important indicator
of market forecasts for government non-farm payrolls.

5.
Data released by the US Department of Labor showed that the number of initial jobless claims in the United States in the week of April 29 unexpectedly rose to 274,000, a new high in more than a year, but it has been below 300,000 for 61 consecutive weeks, indicating that the US labor market still maintains a strong growth momentum
.
Specific data showed that the number of initial jobless claims in the United States rose by 17,000 to 274,000 in the week of April 30, an increase in more than a year, higher than the expected value of 260,000 and the previous value of 257,000
.