May US Empire Fed manufacturing index -1.0 vs +7.3 expected

Highlights of the May Empire Fed
– Prior was +5.2
– Estimates ranged from +4.0 to +11.7
– Employment +11.9 vs +13.9 prior
– New orders -4.4 vs +7.0 prior
– Prices paid +20.9 vs +32.8 prior