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Factory Orders Rise in July

Reuters (09/02/15) Lucia Mutikani

Orders for U.S. factory goods increased for a second consecutive month in July on robust demand for automobiles. New orders for manufactured goods rose 0.4% after an upwardly revised 2.2% increase in June, according to the U.S. Department of Commerce. Economists surveyed by Reuters had forecast factory orders would increase 0.9% in July after rising 1.8% in June. Orders for nondefense capital goods excluding aircraft rose 2.1%.