May 2016 cable raw materials (copper) monthly report

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.
According to a report released by ADP, new jobs in the United States slowed sharply to 156,000 in April, less than the expectation 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.

4.
The minutes of the Fed's April meeting said that if future data shows that the US economy is improving, the Fed may raise interest rates
at its June meeting.
The vast majority of participants agreed that if future data showed that economic growth accelerated in the second quarter, the labor market remained strong, and inflation was moving towards the Fed's 2% target, then it would be appropriate
for the Fed to raise rates at its June meeting.

5.
Eurozone Q1 GDP revised quarter-on-quarter 0.
5%, expected 0.
6%, preliminary value 0.
6%.

Eurozone GDP for the first quarter was revised by 1.
5% year-on-year, 1.
6% expected, and 1.
6%
preliminary reading.