According to Wu, the US manufacturing production index for April released by S&P Global and research company Markit fell sharply to 51.1, a new low in three months, and the number of new orders fell for the first time in six months, indicating that the demand in the manufacturing market has weakened. The number of purchased inventories continued to decline, the largest drop since August last year, and the pace of destocking accelerated. In terms of the service industry, the initial value of the US Markit service industry PMI in April was 50.9, which was also lower than the expected 52 and the previous value of 51.7, hitting a new low in five months. Overall, the initial value of the US Markit composite PMI in April was 50.9, both lower than the expected 52 and the previous value of 52.1, falling to the lowest level since August last year.