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U.S. Factory Orders Rebound on Strong Demand for Aircraft

Reuters (08/04/15) Lucia Mutikani

New orders for manufactured goods increased 1.8% in June after a 1.1% decline in May, according to the U.S. Department of Commerce. Orders for transportation equipment increased 9.3% in June, thanks to a 65.4% increase in aircraft bookings. Orders for nondefense capital goods excluding aircraft increased 0.7% in June, down from a 0.9% increase in May.