Cable raw materials (rubber) weekly report (5.2-5.6)

1.
Macroeconomic news

1.
US real GDP in the first quarter increased by 0.
5% annualized quarter-on-quarter, and the median expected forecast of economists by Bloomberg was 0.
7%, compared with 1.
4%
in the previous month.
The US Q1 GDP deflator was 0.
7% preliminary versus 0.
5% expected and 0.
9%
prior.
US personal consumption expenditures (PCE) in the first quarter were +1.
9% qoq, +1.
7% expected, +2.
4% prior; Q1 Heart PCE annualized quarter-on-quarter preliminary value was 2.
1%, 1.
9% expected, and 1.
3%
prior.

The final value of the Eurozone composite PMI in February 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
.

3.
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.

Second, the analysis of natural rubber market trends