May 2016 cable raw materials (rubber) monthly report

1.
Macroeconomic news

The final value of the Eurozone composite PMI in January and April was 53, down 0.
1%
from the previous month.
The services PMI came in at 53.
1, unchanged from the previous month but slightly below expectations of 53.
2
.
From the perspective of the four largest economies in the euro area, France, Italy and Spain all increased their composite PMIs in April
.
France rose to 50.
2 from 49.
3 last month; Italy rose from 52.
4 to 53.
1; and Spain rose from 55.
1 to 55.
2
.
Germany's composite PMI fell to 53.
6 in April from 54 in the previous month, below expectations of 53.
8 and hitting an 11-month low
.

2.
In April this year, China's manufacturing purchasing managers' index was 50.
1%, down 0.
1 percentage points
from the previous month.
In terms of enterprise scale, the PMI of large enterprises was 51.
0%, down 0.
5 percentage points from the previous month, continuing to be in the expansion range; the PMI of medium-sized enterprises was 50.
0%, up 0.
9 percentage points from the previous month, located at the critical point; the PMI of small enterprises was 46.
9%, down 1.
2 percentage points from the previous month, located below
the critical point.

3.
The preliminary composite PMI of the euro area in May was 52.
9, less than the expectation of 53.
2 and a 16-month low
.
The preliminary manufacturing PMI of the Eurozone in May was 51.
5, a three-month low
.
Eurozone May services PMI flash reading 53.
1
.
Germany, the largest economy in the Eurozone, had a five-month high of 52.
4 in May, and a preliminary services PMI of 55.
2, a three-month high, both better than expected
.
Germany's preliminary composite PMI for May was 54.
7, a five-month high and also better than the 53.
9 forecast of 53.
9
.

Second, the analysis of natural rubber market trends