Highlights of US Empire manufacturing index for the month of May 2020
The Empire manufacturing index for May came in better-than-expected at -48.5 vs. -60.0.
- Prior month -78.2. That was a record for the index
- employment index -6.1 vs. -55.3 in April
- prices paid index +4.1 in May vs. +5.8 and April
- new orders index -42.4 in May vs. -66.3 in April
- prices received -7.4 vs. -8.4 last month
- shipments -39.0 vs. -68.1 last month
- delivery time -4.1 vs. +11.0 last month
- average workweek -21.6 vs. -61.6 last month
- unfilled orders -20.3 vs. -16.8 last month
- inventories -3.4 vs. -9.7 last month
the numbers for the prior month plunge to -78.2 which was the largest decline on record. The prior all-time lows -34.3 back in 2009. The number this month makes it the second lowest reading on record, although much better than expectations and the previous month.
