U.S. Factory Orders Rise More than Expected in July

By Tom Morrison posted 9 days ago

  

New orders for U.S.-made goods increased more than expected in July as the manufacturing sector continues to steadily recover from the COVID-19 pandemic. 

The Commerce Department said on Thursday factory orders rose 6.4% after a similar gain in June. Economists polled by Reuters had forecast factory orders increasing 6.0% in July.

 

Reporting by: Lucia Mutikani; Editing by Chizu Nomiyama, for Reuters.

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