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Empire State Index Tumbles To 3-Month Low In May

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 17, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    Official data showed that the New York Federal Reserve's index of manufacturing conditions contracted for the first time in three months in May, as new orders and shipments turned negative. The general business conditions index fell to -9 in May, contrary to analysts' prediction of a modest pullback to 6.5[​IMG]

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