U.S. Factory Orders Rose in May on Machinery, Computers
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Orders placed with U.S. factories rose in May, reflecting broad-based gains that signal manufacturing is stabilizing.
The 2.1 percent gain in bookings followed a revised 1.3 percent advance the prior month, the Commerce Department reported today in Washington. The median forecast of 61 economists in a Bloomberg survey called for a 2 percent increase. Demand for capital equipment increased more than the government estimated last week.