June factory orders rebound on strong demand for transportation equipment
New orders for manufactured goods increase 1.8% after declining 1.1% in May
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Washington
NEW orders for US factory goods rebounded strongly in June on robust demand for transportation equipment and other goods, a hopeful sign for the struggling manufacturing sector.
The Commerce Department said on Tuesday new orders for manufactured goods increased 1.8 per cent after declining 1.1 per cent in May.
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