Orders to U.S. Factories Rose in June Pointing to Growth Pickup
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Orders placed with U.S. factories rose in June, pointing to further stabilization in manufacturing that may help lift second-half growth.
The 1.5 percent gain in bookings followed a revised 3 percent advance the prior month that was larger than initially reported, the Commerce Department said today in Washington. The median forecast of 60 economists in a Bloomberg survey called for a 2.3 percent increase. Demand for durable goods, those meant to last at least three years, rose 3.9 percent, down from figures reported last week.