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LGT Navigator: Empire State Index falls to six-year low

August 18, 2015

Bad news from the U.S., where the Federal Reserve Bank of New York’s Empire State manufacturing index slumped to a six-year low as a stronger US dollar is hurting exports. The plunged to minus 14.9 in August, the lowest level since April 2009, from 3.9 the prior month.

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