US factory orders rise more than expected in July

Published Wed, Sep 2, 2020 · 03:35 PM

[WASHINGTON] New orders for US-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 per cent after a similar gain in June. Economists polled by Reuters had forecast factory orders increasing 6.0 per cent in July.

REUTERS

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