US factory orders rise 1.1 percent in June
Source: AP-EXCITE
By JOSH BOAK
WASHINGTON (AP) — Orders to U.S. factories increased in June, led by demand for aircraft, industrial machinery and computers and electronics.
Orders rose a seasonally adjusted 1.1 percent compared to the previous month, the Commerce Department reported Tuesday. Factory orders had fallen 0.6 percent in May after three straight months of gains.
An 8.4 percent jump in demand for commercial aircraft fueled the latest gains. But there were additional increases outside this volatile category that point to businesses investing with the expectation of economic growth.
Orders for machinery rose 2.9 percent. Iron and steel mills had a 1.7 percent increase in demand, while orders for computers and electronic products were up 2.9 percent.
FULL story at link.
In this July 16, 2014 photo, welders fabricate anchor bolts for roads and bridges at the custom manufacturer Fox Company Inc. in Philadelphia. The Commerce Department reports on U.S. factory orders in June on Tuesday, Aug. 5, 2014. (AP Photo/Matt Rourke)
Read more: http://apnews.excite.com/article/20140805/us-factory-orders-0e9d342d43.html
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