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Strong Factory Orders, Auto Sales Brighten U.S. Economic Picture

Reuters (09/03/14) Lucia Mutikani

New orders for U.S. factory goods rose across a broad base of sectors in July, according to the U.S. Department of Commerce. Manufactured goods orders increased 10.5% in July compared with a 1.5% increase in June due to strong demand for aircraft and automobiles. Orders excluding transportation fell 0.8% in July, following a 1.4% increase in June.