Factory Orders Fall 0.6% in July
.S. factory orders fell in July, declining 0.6%, the Commerce Department reported Thursday.
The increase followed a revised 1.5% rise in June that was greater than the 1.2% increase originally reported.
The July downturn was less than the 0.9% decline predicted by economists, Bloomberg reported.
Excluding transportation equipment, orders rose 1.1% following a 0.1% uptick in June, Commerce said.
Durable goods orders, which make up just over half of all orders, fell 2.5% after a 2.9% increase in June.
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