Orders to U.S. Factories Rose Less Than Forecast
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Orders placed with U.S. factories rose less than forecast in July, restrained by a slump in demand for capital equipment that points to slower business investment in coming months.
The 0.1 percent increase in bookings compared with a 0.2 percent gain projected by the median forecast of economists in a Bloomberg News survey and followed a revised 0.6 percent decline in June, figures from the Commerce Department showed today in Washington. Orders for machinery and computers dropped.