Cable raw materials (copper) weekly report (6.13-6.17)

1.
U.
S.
retail sales in May were 0.
5% month-on-month, better than expected 0.
3% and 1.
3%
prior.
Steady growth in U.
S.
consumption will help the U.
S.
economy accelerate growth from its weak start to the year, while also bolstering Fed officials' predictions that the slowdown could be temporary
.
Economists say the overall trend remains positive
, given that jobs are growing, wages are rising and consumer spending is rising.

2.
Data released by the US Department of Labor showed that the US CPI increased by 0.
2% month-on-month in May, less than the expected 0.
3% increase, and the CPI increased by 0.
4% month-on-month in April, when April's month-on-month growth rate hit the fastest
since February 2013.
Broken down, prices for most goods and services did not rise sharply, but gasoline prices continued to rise as crude oil prices rebounded, and rents rose by the biggest monthly increase since February 2007, driving up inflation in the United States in May
.

3.
Reuters quoted sources as saying that if Britain votes to leave the European Union, the European Central Bank will announce a joint rescue with the Bank of England, and the rescue strategy will include opening up the swap line with the Bank of England, allowing European banks to use the two currencies for unlimited financing
.
The statement will "maintain sufficient market liquidity no matter what", which is intended to boost investor confidence and control market panic
.

4.
China's imports fell 0.
4% year-on-year in May, the best performance in 19 months; Exports fell 4.
1 percent, widening
from April's 1.
8 percent decline.
Analysts commented that the main reasons for the rebound in imports in May were the low base and rising import prices in May last year, while the number of imports remained high, and the import data exceeded expectations to confirm the bottoming out of the economy
.
Exports fell slightly year-on-year, indicating that external demand, despite the rebound, remained weak
.

5.
Due to the sharp decline in manufacturing investment, the growth rate of China's fixed asset investment continued to slow down, and urban fixed asset investment from January to May increased by 9.
6% year-on-year, hitting a new low since May 2000, less than the expected and previous value of 10.
5%.

From January to May, private fixed asset investment increased by 3.
9% year-on-year, and the growth rate continued to decline
.
According to the National Bureau of Statistics, the slowdown in private fixed asset investment shows insufficient economic momentum and overcapacity squeezes profits
.