US Factory Orders Up 3 Percent In June
New orders for U.S. manufactured goods saw a substantial increase in the month of June, the Commerce Department revealed in a report on Thursday.
The Commerce Department said factory orders jumped by 3.0 percent in June after dipping by a revised 0.3 percent in May.
Economists had expected orders to surge up by 2.9 percent compared to the 0.8 percent drop originally reported for the previous month.
Orders for durable goods spiked by 6.4 percent in June after coming in unchanged in May, while orders for non-durable goods fell by 0.3 percent in June after sliding by 0.6 percent in May.