US Empire manufacturing for May -48.5 vs. -60.0 estimate

Highlights of US Empire manufacturing index for the month of May 2020
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.