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.