August 5, 2009

U.S. factory orders rose in June

New orders for manufactured U.S. goods rose in June for the third consecutive month, the U.S. Census Bureau reported Wednesday.

New orders have increased four of the past five months, following a six-month downward trend that ended in February.

New orders rose 0.4 percent, or $1.4 billion, to $349 billion, the government said. Economists had predicted a drop of 0.8 percent.

The report firms up numbers previously released, but provides new information on non-durable orders, which rose 2.7 percent in June to $190 billion.